Exela Technologies (XELA) to Release Quarterly Earnings on Thursday

Exela Technologies (NASDAQ:XELA) will announce its earnings results after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

Exela Technologies (NASDAQ:XELA) last announced its earnings results on Thursday, August 9th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.12). The company had revenue of $410.38 million for the quarter. Exela Technologies had a negative net margin of 14.28% and a negative return on equity of 31,672.80%. On average, analysts expect Exela Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of XELA opened at $5.90 on Wednesday. The firm has a market cap of $927.89 million, a price-to-earnings ratio of -3.55 and a beta of 1.21. Exela Technologies has a 1-year low of $4.15 and a 1-year high of $7.34.

An institutional investor recently bought a new position in Exela Technologies stock. Bank of New York Mellon Corp acquired a new stake in shares of Exela Technologies, Inc. (NASDAQ:XELA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 124,051 shares of the company’s stock, valued at approximately $589,000. Bank of New York Mellon Corp owned 0.08% of Exela Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 43.95% of the company’s stock.

A number of equities research analysts have weighed in on XELA shares. Zacks Investment Research lowered shares of Exela Technologies from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Nomura reissued a “buy” rating and set a $10.00 price objective on shares of Exela Technologies in a research report on Sunday, August 12th. Finally, Morgan Stanley began coverage on shares of Exela Technologies in a research report on Monday, October 22nd. They set an “overweight” rating and a $9.00 price objective for the company.

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Exela Technologies Company Profile

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).

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Earnings History for Exela Technologies (NASDAQ:XELA)

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