XBP Global (NASDAQ:XBP) Posts Earnings Results, Misses Estimates By $0.38 EPS

XBP Global (NASDAQ:XBP) released its earnings results on Thursday. The company reported ($1.42) earnings per share for the quarter, missing the consensus estimate of ($1.04) by ($0.38), FiscalAI reports. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%. The company had revenue of $191.31 million during the quarter, compared to analyst estimates of $197.70 million.

XBP Global Stock Down 0.3%

Shares of NASDAQ XBP traded down $0.01 during midday trading on Thursday, reaching $2.92. The company’s stock had a trading volume of 10,609 shares, compared to its average volume of 17,489. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 5.67. XBP Global has a fifty-two week low of $2.00 and a fifty-two week high of $13.00. The stock has a market capitalization of $34.36 million, a price-to-earnings ratio of -0.89 and a beta of -0.45. The stock has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $4.01.

Analyst Ratings Changes

Several equities research analysts have weighed in on XBP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a report on Friday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 target price on shares of XBP Global in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.00.

Insider Buying and Selling

In other XBP Global news, Director Randal T. Klein bought 25,000 shares of XBP Global stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $2.44 per share, for a total transaction of $61,000.00. Following the completion of the acquisition, the director owned 40,000 shares of the company’s stock, valued at $97,600. This trade represents a 166.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 31.40% of the company’s stock.

Institutional Investors Weigh In On XBP Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in XBP Global during the third quarter worth about $31,000. Shay Capital LLC raised its stake in shares of XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after purchasing an additional 78,001 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of XBP Global in the 3rd quarter valued at approximately $504,000. Nomura Holdings Inc. bought a new position in shares of XBP Global in the third quarter valued at $863,000. Finally, Bank of America Corp DE increased its holdings in XBP Global by 511,066.0% during the third quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock worth $1,275,000 after buying an additional 1,579,194 shares during the last quarter. 15.72% of the stock is owned by institutional investors.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.