Sylogist Ltd. (TSE:SYZ - Free Report) - Investment analysts at Echelon Wealth Partners cut their Q1 2024 earnings estimates for Sylogist in a research report issued on Sunday, April 14th. Echelon Wealth Partners analyst A. Ezzat now expects that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.05. Echelon Wealth Partners currently has a "Buy" rating and a $12.50 target price on the stock. The consensus estimate for Sylogist's current full-year earnings is $0.20 per share. Echelon Wealth Partners also issued estimates for Sylogist's Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.06 EPS and FY2026 earnings at $0.50 EPS.
SYZ has been the topic of several other research reports. Cormark raised their target price on shares of Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Paradigm Capital set a C$12.00 price objective on shares of Sylogist and gave the company a "buy" rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus set a C$14.00 price target on shares of Sylogist and gave the company a "buy" rating in a report on Thursday, February 1st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Sylogist currently has a consensus rating of "Buy" and a consensus price target of C$11.50.
Check Out Our Latest Report on SYZ
Sylogist Stock Down 0.4 %
Shares of TSE:SYZ traded down C$0.04 during trading on Tuesday, reaching C$9.63. 17,554 shares of the stock traded hands, compared to its average volume of 56,480. Sylogist has a 52-week low of C$5.40 and a 52-week high of C$9.96. The company has a debt-to-equity ratio of 47.19, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a 50-day moving average of C$8.85 and a two-hundred day moving average of C$7.84. The stock has a market cap of C$226.02 million, a P/E ratio of 193.40 and a beta of 0.84.
Sylogist (TSE:SYZ - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.01 EPS for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.04). Sylogist had a net margin of 1.68% and a return on equity of 2.84%. The firm had revenue of C$16.17 million for the quarter, compared to analysts' expectations of C$16.43 million.
Sylogist Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. Sylogist's payout ratio is currently 80.00%.
Sylogist Company Profile
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Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.
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