Exco Technologies Limited Declares Quarterly Dividend of $0.11 (TSE:XTC)

Exco Technologies Limited (TSE:XTC) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.105 per share on Friday, September 27th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, September 13th.

Exco Technologies Stock Down 2.7 %

TSE XTC traded down C$0.21 during trading hours on Friday, hitting C$7.56. The company had a trading volume of 5,233 shares, compared to its average volume of 17,277. The firm’s 50 day moving average is C$7.84 and its 200 day moving average is C$7.57. The company has a debt-to-equity ratio of 30.90, a current ratio of 2.77 and a quick ratio of 1.30. Exco Technologies has a fifty-two week low of C$7.00 and a fifty-two week high of C$8.76. The company has a market capitalization of C$293.03 million, a price-to-earnings ratio of 10.13 and a beta of 1.19.

Exco Technologies (TSE:XTC) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.04. Exco Technologies had a return on equity of 7.82% and a net margin of 4.52%. The firm had revenue of C$163.83 million for the quarter, compared to analyst estimates of C$165.30 million. Sell-side analysts anticipate that Exco Technologies will post 0.7806122 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exco Technologies news, Senior Officer Paul Riganelli sold 5,000 shares of Exco Technologies stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of C$7.96, for a total transaction of C$39,800.00. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $118,300. 51.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Acumen Capital set a C$11.00 target price on shares of Exco Technologies and gave the company a “buy” rating in a research note on Thursday, June 27th.

Exco Technologies Company Profile

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells 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.