Brokers

B. Riley Brokers Decrease Earnings Estimates for Exela Technologies, Inc. (NASDAQ:XELA)


Exela Technologies, Inc. (NASDAQ:XELAGet Rating) – Investment analysts at B. Riley reduced their FY2022 earnings per share (EPS) estimates for shares of Exela Technologies in a report released on Thursday, May 12th. B. Riley analyst Z. Cummins now forecasts that the company will earn ($0.26) per share for the year, down from their previous forecast of ($0.25). B. Riley has a “Neutral” rating and a $0.55 price objective on the stock. B. Riley also issued estimates for Exela Technologies’ Q4 2022 earnings at ($0.04) EPS and FY2023 earnings at ($0.10) EPS.

XELA has been the subject of a number of other reports. Zacks Investment Research lowered Exela Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, March 26th. Cantor Fitzgerald decreased their price objective on Exela Technologies from $4.00 to $2.00 and set an “overweight” rating for the company in a report on Thursday, March 24th.

Shares of XELA opened at $0.32 on Monday. The stock has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.80. The firm has a market capitalization of $153.56 million, a P/E ratio of -0.32 and a beta of 1.76. Exela Technologies has a 52 week low of $0.26 and a 52 week high of $5.45.

Exela Technologies (NASDAQ:XELAGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). During the same period in the previous year, the company earned ($0.76) earnings per share.

Several hedge funds have recently added to or reduced their stakes in XELA. Citigroup Inc. bought a new position in shares of Exela Technologies in the first quarter valued at approximately $27,000. Victory Capital Management Inc. bought a new position in shares of Exela Technologies in the third quarter valued at approximately $30,000. Marshall Wace LLP bought a new position in shares of Exela Technologies in the fourth quarter valued at approximately $34,000. Citadel Advisors LLC grew its holdings in Exela Technologies by 28.3% during the second quarter. Citadel Advisors LLC now owns 19,215 shares of the company’s stock valued at $46,000 after purchasing an additional 4,244 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Exela Technologies by 64.2% during the fourth quarter. Rafferty Asset Management LLC now owns 56,343 shares of the company’s stock valued at $49,000 after purchasing an additional 22,034 shares during the period. 7.75% of the stock is owned by institutional investors.

Exela Technologies Company Profile (Get Rating)

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

Further Reading

Earnings History and Estimates for Exela Technologies (NASDAQ:XELA)



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