Cormark Equities Analysts Boost Earnings Estimates for Exco Technologies Limited (XTC)

Exco Technologies Limited (TSE:XTC) – Equities researchers at Cormark lifted their Q1 2019 earnings per share (EPS) estimates for shares of Exco Technologies in a research report issued to clients and investors on Friday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $0.31 for the quarter, up from their prior 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.

Several other equities research analysts have also issued reports on XTC. 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. Scotiabank dropped their price target on Exco Technologies from C$12.50 to C$10.00 and set a “sector perform” rating on the stock in a research report on Friday, December 1st.

Exco Technologies (XTC) traded down C$0.04 during mid-day trading on Monday, hitting C$10.02. The company had a trading volume of 29,364 shares, compared to its average volume of 41,477. The firm has a market cap of $417.23, a price-to-earnings ratio of 10.65 and a beta of 0.82. Exco Technologies has a twelve month low of C$8.80 and a twelve month high of C$12.79.

Exco Technologies (TSE:XTC) last released its earnings results on Wednesday, January 31st. The company reported C$0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.01). The business 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%.

In related news, Director Robert Basil Magee bought 5,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of C$9.27 per share, with a total value of C$46,350.00. Also, insider Brian Andrew Robbins bought 400,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was bought at an average cost of C$9.54 per share, for a total transaction of C$3,816,000.00. Over the last three months, insiders have purchased 413,650 shares of company stock worth $3,942,673.

The company 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 dividend of $0.085 per share. This is a positive change from Exco Technologies’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, March 14th. Exco Technologies’s dividend payout ratio is currently 34.04%.

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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)

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