Dexterra Group (TSE:DXT) Posts Earnings Results

Dexterra Group (TSE:DXT) posted its quarterly earnings results on Wednesday. The company reported C$0.19 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$275.47 million for the quarter. Dexterra Group had a return on equity of 14.45% and a net margin of 3.89%.

Dexterra Group Stock Up 3.2%

Dexterra Group stock opened at C$12.39 on Friday. The company has a debt-to-equity ratio of 78.68, a quick ratio of 1.28 and a current ratio of 1.23. Dexterra Group has a one year low of C$8.31 and a one year high of C$13.93. The company has a 50-day simple moving average of C$12.13 and a 200-day simple moving average of C$12.02. The firm has a market capitalization of C$773.30 million, a P/E ratio of 19.06, a P/E/G ratio of 0.90 and a beta of 0.26.

Dexterra Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. Dexterra Group’s payout ratio is 57.69%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DXT. National Bank Financial upped their price target on Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Thursday, March 5th. ATB Cormark Capital Markets upped their price target on Dexterra Group from C$12.00 to C$13.75 and gave the company a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$13.92.

About Dexterra Group

Dexterra Group is a publicly listed corporation delivering a range of support services for the creation, management, and operation of infrastructure across Canada. Powered by people, we bring best-in-class regional expertise to every challenge and deliver innovative solutions, giving clients confidence in their day-to-day operations. Our activities include a comprehensive range of facilities management services, industry-leading workforce accommodation solutions, innovative modular building capabilities and other support services for diverse clients in the public and private sectors.