XBP Global (NASDAQ:XBP) Announces Quarterly Earnings Results, Misses Expectations By $0.38 EPS

XBP Global (NASDAQ:XBP) issued its earnings results on Thursday. The company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.04) by ($0.38), FiscalAI reports. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%. The firm had revenue of $191.31 million during the quarter, compared to analyst estimates of $197.70 million.

XBP Global Price Performance

Shares of XBP stock traded down $0.01 during trading on Thursday, hitting $2.92. The company had a trading volume of 10,609 shares, compared to its average volume of 17,489. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67. The firm has a market capitalization of $34.36 million, a P/E ratio of -0.89 and a beta of -0.45. The stock’s 50-day moving average price is $2.64 and its 200 day moving average price is $4.01. XBP Global has a one year low of $2.00 and a one year high of $13.00.

Analysts Set New Price Targets

XBP has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research note on Friday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 target price on shares of XBP Global in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Insider Buying and Selling

In related news, Director Randal T. Klein acquired 25,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $2.44 per share, for a total transaction of $61,000.00. Following the purchase, the director directly owned 40,000 shares in the company, valued at approximately $97,600. The trade was a 166.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XBP Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Man Group plc bought a new stake in shares of XBP Global in the third quarter worth $1,817,000. Vanguard Group Inc. raised its stake in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after buying an additional 1,864,748 shares during the last quarter. Bank of America Corp DE raised its stake in XBP Global by 511,066.0% during the third quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock worth $1,275,000 after buying an additional 1,579,194 shares during the last quarter. Nomura Holdings Inc. acquired a new position in XBP Global in the third quarter valued at $863,000. Finally, Jefferies Financial Group Inc. acquired a new position in XBP Global in the third quarter valued at $504,000. Institutional investors own 15.72% of the company’s stock.

XBP Global Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.