Xebec Adsorption Inc. (TSE:XBC – Get Rating) – Cormark reduced their FY2024 earnings estimates for shares of Xebec Adsorption in a note issued to investors on Friday, August 12th. Cormark analyst N. Boychuk now forecasts that the company will earn $0.05 per share for the year, down from their prior forecast of $0.09. The consensus estimate for Xebec Adsorption's current full-year earnings is ($0.06) per share.
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Xebec Adsorption (TSE:XBC – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.08). The business had revenue of C$41.19 million for the quarter, compared to analysts' expectations of C$36.05 million.
Several other brokerages have also issued reports on XBC. National Bankshares decreased their price target on shares of Xebec Adsorption from C$2.00 to C$1.75 and set a "sector perform" rating for the company in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Xebec Adsorption from C$1.75 to C$0.85 in a research report on Friday. Raymond James decreased their price objective on shares of Xebec Adsorption from C$2.00 to C$1.50 and set a "market perform" rating on the stock in a research report on Friday. TD Securities dropped their target price on shares of Xebec Adsorption from C$2.25 to C$1.40 and set a "hold" rating on the stock in a research note on Friday, May 13th. Finally, Eight Capital dropped their price target on shares of Xebec Adsorption from C$1.50 to C$1.15 in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$1.59.
Xebec Adsorption Trading Up 15.0 %
TSE:XBC opened at C$0.69 on Monday. The company has a debt-to-equity ratio of 28.57, a quick ratio of 0.93 and a current ratio of 1.79. The firm has a market cap of C$106.76 million and a price-to-earnings ratio of -3.35. Xebec Adsorption has a 52 week low of C$0.57 and a 52 week high of C$4.01. The firm has a 50-day moving average price of C$0.80 and a two-hundred day moving average price of C$1.42.
Xebec Adsorption Company Profile
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Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.
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