Exco Technologies (TSE:XTC) PT Lowered to C$12.50 at Cormark

Exco Technologies (TSE:XTCGet Rating) had its target price cut by Cormark from C$13.50 to C$12.50 in a research report sent to investors on Tuesday, MarketBeat.com reports. Cormark also issued estimates for Exco Technologies’ Q4 2022 earnings at $0.14 EPS, FY2022 earnings at $0.47 EPS, Q1 2023 earnings at $0.18 EPS, Q2 2023 earnings at $0.20 EPS, Q3 2023 earnings at $0.22 EPS, Q4 2023 earnings at $0.23 EPS, FY2023 earnings at $0.84 EPS, FY2024 earnings at $1.30 EPS and FY2025 earnings at $1.61 EPS.

Exco Technologies Stock Performance

XTC stock opened at C$8.59 on Tuesday. The company has a market capitalization of C$334.25 million and a P/E ratio of 14.32. The company has a 50-day simple moving average of C$8.27 and a 200 day simple moving average of C$8.83. Exco Technologies has a fifty-two week low of C$7.75 and a fifty-two week high of C$11.50. The company has a quick ratio of 1.43, a current ratio of 2.50 and a debt-to-equity ratio of 7.74.

Exco Technologies Announces Dividend

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

Exco Technologies Company Profile

(Get Rating)

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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