Dexterra Group FY2024 EPS Estimate Lowered by Raymond James

Dexterra Group Inc. (TSE:DXT) – Research analysts at Raymond James cut their FY2024 EPS estimates for shares of Dexterra Group in a note issued to investors on Wednesday, November 6th. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $0.56 per share for the year, down from their prior forecast of $0.60. The consensus estimate for Dexterra Group’s current full-year earnings is $0.71 per share. Raymond James also issued estimates for Dexterra Group’s Q4 2024 earnings at $0.10 EPS.

Separately, TD Securities boosted their price objective on shares of Dexterra Group from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Dexterra Group currently has an average rating of “Moderate Buy” and an average price target of C$7.75.

Dexterra Group Stock Performance

TSE DXT opened at C$6.44 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.52 and a debt-to-equity ratio of 55.43. The company has a market capitalization of C$412.16 million, a P/E ratio of 14.00, a P/E/G ratio of 0.90 and a beta of 1.02. Dexterra Group has a 12-month low of C$5.13 and a 12-month high of C$6.93. The firm has a 50-day moving average price of C$6.53 and a two-hundred day moving average price of C$5.96.

Dexterra Group (TSE:DXT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.08. The firm had revenue of C$253.62 million during the quarter, compared to the consensus estimate of C$238.37 million. Dexterra Group had a net margin of 1.61% and a return on equity of 10.48%.

Dexterra Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.087 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, December 31st. Dexterra Group’s payout ratio is presently 76.09%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.