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

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Exela Technologies (NASDAQ:XELA) posted its 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. The company had revenue of $383.03 million for the quarter. Exela Technologies had a negative net margin of 14.28% and a negative return on equity of 31,672.80%.

Shares of NASDAQ:XELA traded down $0.96 during trading on Friday, hitting $5.28. 596,921 shares of the company traded hands, compared to its average volume of 132,066. The firm has a market capitalization of $893.13 million, a PE ratio of -3.18 and a beta of 1.21. Exela Technologies has a one year low of $4.15 and a one year high of $7.34.

Several equities analysts have recently commented on XELA shares. Zacks Investment Research lowered Exela Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Nomura started coverage on Exela Technologies in a report on Monday, July 30th. They set a “buy” rating and a $10.00 target price for the company. Finally, Morgan Stanley started coverage on Exela Technologies in a report on Monday, October 22nd. They set an “overweight” rating and a $9.00 target price for the company.

A hedge fund recently bought a new stake in Exela Technologies stock. Bank of New York Mellon Corp bought a new stake in shares of Exela Technologies, Inc. (NASDAQ:XELA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. Institutional investors own 43.95% of the company’s 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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