Raymond James Comments on Dexterra Group Inc.’s Q3 2024 Earnings (TSE:DXT)

Dexterra Group Inc. (TSE:DXT) – Research analysts at Raymond James lifted their Q3 2024 earnings estimates for shares of Dexterra Group in a research report issued on Wednesday, August 7th. Raymond James analyst F. Bastien now anticipates that the company will earn $0.22 per share for the quarter, up from their previous estimate of $0.20. The consensus estimate for Dexterra Group’s current full-year earnings is $0.51 per share. Raymond James also issued estimates for Dexterra Group’s Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.65 EPS.

A number of other research firms also recently weighed in on DXT. Scotiabank lowered their target price on Dexterra Group from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Friday, May 17th. TD Securities increased their price objective on shares of Dexterra Group from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.75.

Dexterra Group Price Performance

TSE DXT opened at C$5.86 on Friday. The stock has a market capitalization of C$375.92 million, a price-to-earnings ratio of 14.29, a PEG ratio of 0.90 and a beta of 1.00. Dexterra Group has a 1-year low of C$5.13 and a 1-year high of C$6.35. The company has a debt-to-equity ratio of 52.20, a current ratio of 1.39 and a quick ratio of 1.28. The business’s fifty day moving average price is C$5.49 and its 200-day moving average price is C$5.67.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.07. Dexterra Group had a net margin of 1.62% and a return on equity of 9.42%. The company had revenue of C$231.64 million for the quarter, compared to analysts’ expectations of C$279.35 million.

Insider Buying and Selling at Dexterra Group

In related news, Senior Officer Robert Johnston acquired 9,200 shares of the stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average cost of C$5.45 per share, with a total value of C$50,140.00. In other news, Senior Officer Robert Johnston purchased 9,200 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average cost of C$5.45 per share, for a total transaction of C$50,140.00. Also, Senior Officer Mark Alan Becker acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of C$5.48 per share, for a total transaction of C$109,500.00. Over the last quarter, insiders purchased 37,737 shares of company stock valued at $205,740. Company insiders own 51.53% of the company’s stock.

Dexterra Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.087 per share. This represents a $0.35 annualized dividend and a yield of 5.94%. The ex-dividend date is Monday, September 30th. Dexterra Group’s dividend payout ratio is presently 85.37%.

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.