FY2025 EPS Estimates for Pason Systems Lowered by Analyst

Key Points

• National Bank Financial has lowered its FY2025 earnings per share (EPS) estimate for Pason Systems from $1.03 to $0.82, whereas the consensus estimate remains at $1.23.
• Pason Systems is currently facing a reduction in ratings, with Royal Bank of Canada lowering its price objective from C$18.00 to C$16.00, and TD Securities downgrading it from "buy" to "hold."
• The company declared a quarterly dividend of $0.13, yielding 4.5% annually, with a payout ratio of 36.70%.

Pason Systems Inc. (TSE:PSI - Free Report) - Investment analysts at National Bank Financial lowered their FY2025 earnings estimates for shares of Pason Systems in a note issued to investors on Wednesday, August 6th. National Bank Financial analyst D. Payne now forecasts that the company will post earnings per share of $0.82 for the year, down from their previous estimate of $1.03. The consensus estimate for Pason Systems' current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for Pason Systems' FY2026 earnings at $1.01 EPS.

Several other analysts have also recently commented on the stock. TD Securities cut shares of Pason Systems from a "buy" rating to a "hold" rating and set a C$13.00 price objective for the company. in a research note on Friday, July 18th. Royal Bank Of Canada reduced their price objective on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th.

Pason Systems Stock Performance

Shares of PSI stock traded down C$0.08 during mid-day trading on Monday, hitting C$11.82. The stock had a trading volume of 84,917 shares, compared to its average volume of 152,677. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. Pason Systems has a fifty-two week low of C$10.43 and a fifty-two week high of C$15.47. The company's 50-day simple moving average is C$12.29 and its 200-day simple moving average is C$12.32. The firm has a market cap of C$940.91 million, a PE ratio of 8.34, a PEG ratio of 10.78 and a beta of 1.58.

Insider Activity

In other Pason Systems news, Senior Officer Jonathan Faber sold 2,600 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$12.33, for a total transaction of C$32,058.00. Also, Senior Officer Celine Boston sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$12.75, for a total transaction of C$63,750.00. Insiders sold a total of 19,500 shares of company stock worth $238,472 in the last three months. Company insiders own 0.13% of the company's stock.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 16th. Pason Systems's dividend payout ratio (DPR) is 36.70%.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.