Cormark Weighs in on Exco Technologies Limited’s FY2018 Earnings (XTC)

Exco Technologies Limited (TSE:XTC) – Equities research analysts at Cormark lowered their FY2018 earnings estimates for Exco Technologies Limited in a report released on Tuesday. Cormark analyst D. Tyerman now expects that the company will post earnings per share of $1.17 for the year, down from their previous estimate of $1.43.

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Separately, Scotiabank lowered shares of Exco Technologies Limited from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$15.00 to C$12.50 in a report on Tuesday.

Exco Technologies Limited (TSE:XTC) traded down 0.10% on Thursday, reaching $10.25. 35,445 shares of the company’s stock traded hands. The stock has a 50-day moving average of $10.88 and a 200 day moving average of $11.25. The firm has a market capitalization of $437.16 million and a P/E ratio of 9.67. Exco Technologies Limited has a 52 week low of $9.89 and a 52 week high of $12.79.

In other news, insider Paul Robbins sold 9,800 shares of Exco Technologies Limited stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$10.92, for a total transaction of C$107,016.00. Also, insider Paul Riganelli sold 2,500 shares of Exco Technologies Limited stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of C$11.46, for a total transaction of C$28,650.00. Insiders sold 14,300 shares of company stock worth $158,606 in the last 90 days.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.08 dividend. This is a positive change from Exco Technologies Limited’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 3.12%.

About Exco Technologies Limited

Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines.

Earnings History and Estimates for Exco Technologies Limited (TSE:XTC)

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