Exco Technologies Limited (XTC) Forecasted to Post Q1 2018 Earnings of $0.21 Per Share
Exco Technologies Limited (TSE:XTC) – Cormark reduced their Q1 2018 earnings per share (EPS) estimates for Exco Technologies in a note issued to investors on Friday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.27. Cormark also issued estimates for Exco Technologies’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.19 EPS, FY2021 earnings at $1.35 EPS and FY2022 earnings at $1.40 EPS.
Other analysts have also issued reports about the company. Scotiabank decreased their price objective on Exco Technologies from C$12.50 to C$10.00 and set a “sector perform” rating on the stock in a research note on Friday, December 1st. BMO Capital Markets reduced their target price on Exco Technologies from C$11.50 to C$10.00 in a research report on Friday, December 1st.
Exco Technologies (XTC) traded down C$0.02 during trading hours on Monday, hitting C$9.23. The company had a trading volume of 70,665 shares, compared to its average volume of 47,976. Exco Technologies has a 12 month low of C$8.80 and a 12 month high of C$12.79.
In other news, insider Edward James Kernaghan acquired 3,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average cost of C$9.20 per share, for a total transaction of C$27,600.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, December 12th. Exco Technologies’s payout ratio is currently 28.04%.
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Exco Technologies Company Profile
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 in two segments, Casting and Extrusion; and Automotive Solutions. The Casting and Extrusion segment designs, develops, manufactures, and sells die-castings and extrusion tooling products, and consumable parts for aluminum die-casting and aluminum extrusion machines.
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