Xebec Adsorption Inc. Forecasted to Earn FY2023 Earnings of $0.04 Per Share (TSE:XBC)

Xebec Adsorption Inc. (TSE:XBCGet Rating) – Raymond James decreased their FY2023 earnings per share (EPS) estimates for Xebec Adsorption in a report released on Wednesday, April 13th. Raymond James analyst D. Quezada now forecasts that the company will earn $0.04 per share for the year, down from their previous forecast of $0.05. Raymond James currently has a “Outperform” rating and a $3.50 target price on the stock.

XBC has been the subject of several other reports. Cormark downgraded shares of Xebec Adsorption from a “market perform” rating to a “reduce” rating in a research note on Friday, March 18th. Canaccord Genuity Group raised their target price on shares of Xebec Adsorption from C$2.25 to C$2.50 in a research note on Thursday. TD Securities downgraded shares of Xebec Adsorption from a “speculative buy” rating to a “hold” rating and lowered their target price for the company from C$3.00 to C$2.75 in a research note on Thursday, March 31st. National Bank Financial upgraded shares of Xebec Adsorption from a “sector perform spec overwgt” rating to an “outperform spec overweight” rating in a research note on Wednesday, March 30th. Finally, National Bankshares raised their target price on shares of Xebec Adsorption from C$3.25 to C$3.75 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$3.73.

Shares of XBC stock opened at C$2.40 on Friday. The firm has a market cap of C$371.32 million and a price-to-earnings ratio of -15.69. Xebec Adsorption has a 52-week low of C$1.37 and a 52-week high of C$5.38. The company has a quick ratio of 1.11, a current ratio of 1.96 and a debt-to-equity ratio of 27.98. The company’s 50 day moving average is C$1.84 and its 200 day moving average is C$2.33.

Xebec Adsorption Company Profile (Get Rating)

Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.

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Earnings History and Estimates for Xebec Adsorption (TSE:XBC)

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