Sylogist Ltd. (TSE:SYZ - Free Report) - Stock analysts at Cormark increased their FY2024 earnings per share estimates for shares of Sylogist in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.19 per share for the year, up from their prior estimate of $0.18. The consensus estimate for Sylogist's current full-year earnings is $0.20 per share. Cormark also issued estimates for Sylogist's FY2025 earnings at $0.35 EPS and FY2026 earnings at $0.51 EPS.
Sylogist (TSE:SYZ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.84% and a net margin of 1.68%. The firm had revenue of C$16.17 million during the quarter, compared to the consensus estimate of C$16.43 million.
A number of other analysts also recently commented on SYZ. Echelon Wealth Partners boosted their price objective on Sylogist from C$11.00 to C$12.50 and gave the stock a "buy" rating in a research note on Monday, April 15th. Stifel Nicolaus set a C$14.00 target price on Sylogist and gave the stock a "buy" rating in a research report on Thursday, February 1st. Finally, Paradigm Capital set a C$12.00 target price on Sylogist and gave the stock a "buy" rating in a research report on Wednesday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$11.50.
Get Our Latest Analysis on Sylogist
Sylogist Price Performance
Shares of SYZ traded down C$0.09 during midday trading on Tuesday, reaching C$9.20. The stock had a trading volume of 18,621 shares, compared to its average volume of 55,467. 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 current ratio of 0.54 and a quick ratio of 0.51. The firm's 50 day moving average price is C$8.97 and its 200-day moving average price is C$7.91. The company has a market capitalization of C$215.92 million, a P/E ratio of 185.40 and a beta of 0.84.
Sylogist Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, February 28th. Sylogist's payout ratio is 80.00%.
Insider Activity at Sylogist
In other Sylogist news, Director Tracy Edkins purchased 3,222 shares of the company's stock in a transaction that occurred on Friday, April 19th. The shares were purchased at an average cost of C$9.31 per share, with a total value of C$29,996.82. 5.16% of the stock is owned by insiders.
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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