Exco Technologies (XTC) Set to Announce Earnings on Wednesday

Exco Technologies (TSE:XTC) is scheduled to post its quarterly earnings results 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 data 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. Exco Technologies had a net margin of 4.52% and a return on equity of 7.82%. The firm had revenue of C$163.83 million for the quarter, compared to analyst estimates of C$165.30 million.

Exco Technologies Stock Up 0.6 %

Shares of TSE:XTC opened at C$7.96 on Tuesday. Exco Technologies has a 12 month low of C$7.00 and a 12 month high of C$8.95. The company’s 50-day moving average price is C$7.85 and its two-hundred day moving average price is C$7.56. The company has a quick ratio of 1.30, a current ratio of 2.77 and a debt-to-equity ratio of 30.90. The firm has a market cap of C$308.53 million, a P/E ratio of 10.61 and a beta of 1.19.

Exco Technologies Announces Dividend

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

Insider Activity

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

Analysts Set New Price Targets

Separately, Acumen Capital set a C$11.00 target price on shares of Exco Technologies and gave the company a “buy” rating in a research note 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.