-$0.18 Earnings Per Share Expected for Exela Technologies, Inc. (XELA) This Quarter

Wall Street analysts expect Exela Technologies, Inc. (NASDAQ:XELA) to post ($0.18) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Exela Technologies’ earnings. Exela Technologies reported earnings of ($0.16) per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The business is expected to issue its next earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Exela Technologies will report full year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.60) to ($0.29). For the next fiscal year, analysts expect that the firm will report earnings of ($0.25) per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Exela Technologies.

Exela Technologies (NASDAQ:XELA) last announced its earnings results on Monday, March 18th. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). The firm had revenue of $399.64 million during the quarter.

A number of analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Exela Technologies from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Cantor Fitzgerald reissued a “buy” rating and issued a $9.00 price objective on shares of Exela Technologies in a research note on Tuesday, March 19th. Finally, Zacks Investment Research downgraded shares of Exela Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th.

NASDAQ XELA traded down $0.02 during trading on Wednesday, reaching $3.78. The company’s stock had a trading volume of 1,869 shares, compared to its average volume of 93,148. The company has a market capitalization of $569.04 million, a P/E ratio of -4.90 and a beta of 1.00. Exela Technologies has a 12 month low of $3.12 and a 12 month high of $7.34.

A number of large investors have recently bought and sold shares of XELA. Nantahala Capital Management LLC lifted its position in shares of Exela Technologies by 26.1% during the fourth quarter. Nantahala Capital Management LLC now owns 8,401,832 shares of the company’s stock valued at $32,683,000 after purchasing an additional 1,739,250 shares in the last quarter. Vanguard Group Inc grew its stake in Exela Technologies by 82.4% during the third quarter. Vanguard Group Inc now owns 1,490,349 shares of the company’s stock valued at $10,627,000 after acquiring an additional 673,372 shares in the last quarter. Vanguard Group Inc. grew its stake in Exela Technologies by 82.4% during the third quarter. Vanguard Group Inc. now owns 1,490,349 shares of the company’s stock valued at $10,627,000 after acquiring an additional 673,372 shares in the last quarter. Gates Capital Management Inc. grew its stake in Exela Technologies by 10.4% during the fourth quarter. Gates Capital Management Inc. now owns 5,890,348 shares of the company’s stock valued at $22,913,000 after acquiring an additional 557,172 shares in the last quarter. Finally, 22NW LP grew its stake in Exela Technologies by 75.4% during the fourth quarter. 22NW LP now owns 872,445 shares of the company’s stock valued at $3,394,000 after acquiring an additional 375,000 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

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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