Tecsys Inc. (TSE:TCS) Forecasted to Earn Q1 2023 Earnings of $0.05 Per Share

Posted by MarketBeat News on Jul 25th, 2022

Tecsys Inc. (TSE:TCS – Get Rating) – Equities researchers at National Bank Financial issued their Q1 2023 EPS estimates for shares of Tecsys in a research report issued to clients and investors on Wednesday, July 20th. National Bank Financial analyst J. Shao anticipates that the company will post earnings of $0.05 per share for the quarter. The consensus estimate for Tecsys’ current full-year earnings is $0.67 per share.

A number of other research analysts have also issued reports on TCS. National Bankshares cut their price target on shares of Tecsys from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Monday, July 4th. Stifel Nicolaus lowered their price target on shares of Tecsys from C$52.00 to C$48.00 in a report on Monday, July 4th. Cormark cut their price objective on shares of Tecsys from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Monday, July 4th. Raymond James lowered their target price on shares of Tecsys from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Thursday, June 30th. Finally, BMO Capital Markets dropped their target price on Tecsys from C$54.00 to C$47.00 in a research report on Monday, July 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$53.07.

Tecsys Trading Down 6.1 %

Shares of Tecsys stock opened at C$34.84 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.55 and a debt-to-equity ratio of 20.74. Tecsys has a 12-month low of C$24.92 and a 12-month high of C$61.06. The firm has a market capitalization of C$507.37 million and a price-to-earnings ratio of 116.13. The firm’s 50 day simple moving average is C$31.96 and its two-hundred day simple moving average is C$33.28.

Insider Buying and Selling

In other news, Director Kathleen M. Miller acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average cost of C$32.48 per share, for a total transaction of C$48,715.68. Following the acquisition, the director now owns 2,500 shares in the company, valued at approximately C$81,192.80.

Tecsys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, July 14th. Tecsys’s payout ratio is 90.00%.

Tecsys Company Profile

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Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.