National Bank Financial Analysts Cut Earnings Estimates for Dexterra Group Inc. (TSE:DXT)

Dexterra Group Inc. (TSE:DXT) – Research analysts at National Bank Financial decreased their Q2 2021 earnings per share estimates for Dexterra Group in a report issued on Wednesday, May 12th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.08. National Bank Financial also issued estimates for Dexterra Group’s Q2 2021 earnings at $0.04 EPS, Q4 2021 earnings at $0.05 EPS, Q4 2021 earnings at $0.05 EPS, FY2021 earnings at $0.25 EPS, FY2021 earnings at $0.25 EPS and FY2022 earnings at $0.51 EPS.

Dexterra Group (TSE:DXT) last announced its earnings results on Wednesday, March 10th. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.01. The business had revenue of C$164.42 million during the quarter, compared to analysts’ expectations of C$160.87 million.

A number of other equities analysts also recently weighed in on the company. Raymond James upgraded Dexterra Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$6.50 to C$8.50 in a research note on Thursday. Atb Cap Markets restated an “outperform” rating on shares of Dexterra Group in a research note on Thursday, March 11th. ATB Capital boosted their target price on Dexterra Group from C$8.25 to C$8.50 in a research note on Thursday. Finally, Scotiabank boosted their target price on Dexterra Group from C$8.00 to C$8.50 in a research note on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$7.79.

Shares of TSE DXT opened at C$6.00 on Friday. Dexterra Group has a twelve month low of C$2.70 and a twelve month high of C$6.84. The stock’s 50 day moving average price is C$5.96 and its 200-day moving average price is C$6.04. The company has a market capitalization of C$389.21 million and a PE ratio of 5.32. The company has a quick ratio of 1.45, a current ratio of 1.67 and a debt-to-equity ratio of 36.05.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $0.30 annualized dividend and a yield of 5.00%. Dexterra Group’s payout ratio is 26.62%.

In related news, Director Roderick William Graham sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of C$6.03, for a total value of C$1,206,000.00. Following the transaction, the director now owns 26,700 shares in the company, valued at C$161,001.

Dexterra Group Company Profile

Dexterra Group Inc provides a range of products and services to end markets in Canada. It operates through three segments: Modular Solutions, Facilities Management, and Workforce Accommodations, Forestry and Energy Services. The Modular Solutions segment integrates design concepts with off-site manufacturing processes to produce building solutions for social and affordable housing, commercial, residential, and industrial clients.

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Earnings History and Estimates for Dexterra Group (TSE:DXT)

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