Q1 2019 EPS Estimates for Exco Technologies Limited (XTC) Raised by Cormark

Exco Technologies Limited (TSE:XTC) – Equities researchers at Cormark boosted their Q1 2019 earnings per share (EPS) estimates for Exco Technologies in a research report issued on Friday. Cormark analyst D. Tyerman now expects that the company will post earnings of $0.31 per share for the quarter, up from their previous forecast of $0.29. Cormark also issued estimates for Exco Technologies’ Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.32 EPS and Q4 2019 earnings at $0.32 EPS.

Exco Technologies (TSE:XTC) last issued its quarterly earnings data on Wednesday, January 31st. The company reported C$0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.01). The firm had revenue of C$134.87 million for the quarter, compared to analysts’ expectations of C$138.55 million. Exco Technologies had a net margin of 5.72% and a return on equity of 9.93%.

A number of other research analysts have also weighed in on XTC. Scotiabank raised their price objective on Exco Technologies from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Friday. BMO Capital Markets dropped their price target on Exco Technologies from C$11.50 to C$10.00 in a research report on Friday, December 1st.

Exco Technologies (TSE:XTC) opened at C$9.80 on Monday. The firm has a market capitalization of $415.96, a PE ratio of 9.80 and a beta of 0.82. Exco Technologies has a 12-month low of C$8.80 and a 12-month high of C$12.79.

In related news, insider Edward James Kernaghan purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of C$9.20 per share, for a total transaction of C$27,600.00. Also, insider Brian Andrew Robbins purchased 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of C$9.54 per share, with a total value of C$3,816,000.00. In the last quarter, insiders purchased 413,650 shares of company stock valued at $3,942,673.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.34 annualized dividend and a yield of 3.47%. This is a positive change from Exco Technologies’s previous quarterly dividend of $0.08. Exco Technologies’s dividend payout ratio (DPR) is currently 31.00%.

TRADEMARK VIOLATION WARNING: “Q1 2019 EPS Estimates for Exco Technologies Limited (XTC) Raised by Cormark” was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/05/q1-2019-eps-estimates-for-exco-technologies-limited-xtc-raised-by-cormark.html.

About Exco Technologies

Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines.

Earnings History and Estimates for Exco Technologies (TSE:XTC)

Receive News & Ratings for Exco Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exco Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply