FY2023 Earnings Forecast for Exco Technologies Limited (TSE:XTC) Issued By Cormark - Defense World

2022-08-15 15:27:29 By : Ms. Lucy Huang

Posted by admin on Aug 6th, 2022

Exco Technologies Limited (TSE:XTC – Get Rating) – Equities research analysts at Cormark lowered their FY2023 EPS estimates for Exco Technologies in a report released on Tuesday, August 2nd. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.84 per share for the year, down from their prior forecast of $1.07. The consensus estimate for Exco Technologies’ current full-year earnings is $1.12 per share. Cormark also issued estimates for Exco Technologies’ FY2025 earnings at $1.61 EPS.

TSE XTC opened at C$8.59 on Thursday. The company’s 50-day moving average price is C$8.27 and its 200-day moving average price is C$8.83. The company has a current ratio of 2.50, a quick ratio of 1.43 and a debt-to-equity ratio of 7.74. The stock has a market cap of C$334.25 million and a PE ratio of 14.32. Exco Technologies has a 12 month low of C$7.75 and a 12 month high of C$11.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, September 15th. Exco Technologies’s payout ratio is presently 68.33%.

Exco Technologies Limited, together with its subsidiaries, designs, develops, and manufactures 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. The Casting and Extrusion segment designs, develops, and manufactures tooling and consumable parts for aluminum die-casting and aluminum extrusion machines.

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