Exco Technologies (XTC) Set to Announce Earnings on Wednesday

Exco Technologies (TSE:XTC) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Exco Technologies to post earnings of C$0.21 per share for the quarter.

Exco Technologies (TSE:XTC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.04. The firm had revenue of C$163.83 million for the quarter, compared to analyst estimates of C$165.30 million. Exco Technologies had a net margin of 4.52% and a return on equity of 7.82%.

Exco Technologies Price Performance

Shares of TSE:XTC opened at C$7.96 on Tuesday. The company’s fifty day moving average price is C$7.85 and its 200-day moving average price is C$7.56. The firm has a market capitalization of C$308.53 million, a price-to-earnings ratio of 10.61 and a beta of 1.19. Exco Technologies has a one year low of C$7.00 and a one year high of C$8.95. The company has a debt-to-equity ratio of 30.90, a current ratio of 2.77 and a quick ratio of 1.30.

Exco Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Friday, June 14th. Exco Technologies’s payout ratio is 56.00%.

Insider Transactions at Exco Technologies

In other news, Senior Officer Paul Riganelli sold 5,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$7.80, for a total value of C$39,000.00. Insiders have sold 15,000 shares of company stock valued at $118,300 in the last quarter. Insiders own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital set a C$11.00 price target on shares of Exco Technologies and gave the stock a “buy” rating in a report on Thursday, June 27th.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.