Dexterra Group Inc. (TSE:DXT) Announces Quarterly Dividend of $0.09

Dexterra Group Inc. (TSE:DXT) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.087 per share on Tuesday, October 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Monday, September 30th.

Dexterra Group Stock Up 2.3 %

Shares of TSE:DXT opened at C$6.90 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 55.43. The firm has a market cap of C$441.60 million, a price-to-earnings ratio of 15.00, a PEG ratio of 0.90 and a beta of 1.00. The stock’s 50-day moving average price is C$6.26 and its two-hundred day moving average price is C$5.80. Dexterra Group has a 12-month low of C$5.13 and a 12-month high of C$6.93.

Dexterra Group (TSE:DXT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.08. The company had revenue of C$253.62 million for the quarter, compared to analyst estimates of C$238.37 million. Dexterra Group had a net margin of 1.61% and a return on equity of 10.48%. On average, research analysts forecast that Dexterra Group will post 0.6916917 EPS for the current year.

Wall Street Analysts Forecast Growth

DXT has been the topic of a number of recent research reports. TD Securities lifted their price target on shares of Dexterra Group from C$5.50 to C$6.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Raymond James increased their target price on Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$7.75.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.