Exela Technologies (XELA) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Exela Technologies (NASDAQ:XELA) released its quarterly earnings results on Thursday. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.18), Yahoo Finance reports. Exela Technologies had a negative return on equity of 31,672.80% and a negative net margin of 14.28%. The business had revenue of $383.03 million during the quarter.

Shares of NASDAQ:XELA traded down $0.96 during trading on Friday, hitting $5.28. The company’s stock had a trading volume of 596,921 shares, compared to its average volume of 132,066. Exela Technologies has a fifty-two week low of $4.15 and a fifty-two week high of $7.34. The stock has a market cap of $893.13 million, a price-to-earnings ratio of -3.18 and a beta of 1.21.

An institutional investor recently bought a new position in Exela Technologies stock. Bank of New York Mellon Corp acquired a new stake in Exela Technologies, Inc. (NASDAQ:XELA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 124,051 shares of the company’s stock, valued at approximately $589,000. Bank of New York Mellon Corp owned about 0.08% of Exela Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research cut Exela Technologies from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Nomura reiterated a “buy” rating and issued a $10.00 price target on shares of Exela Technologies in a research note on Sunday, August 12th. Finally, Morgan Stanley assumed coverage on Exela Technologies in a research note on Monday, October 22nd. They issued an “overweight” rating and a $9.00 price target on the stock.

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About Exela Technologies

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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