FY2022 EPS Estimates for Pason Systems Inc. Decreased by Stifel Firstegy (TSE:PSI)

Pason Systems Inc. (TSE:PSIGet Rating) – Analysts at Stifel Firstegy lowered their FY2022 earnings per share estimates for Pason Systems in a research report issued to clients and investors on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira now expects that the company will earn $1.22 per share for the year, down from their prior estimate of $1.23. Stifel Firstegy currently has a “Hold” rating on the stock. The consensus estimate for Pason Systems’ current full-year earnings is $1.45 per share. Stifel Firstegy also issued estimates for Pason Systems’ FY2023 earnings at $1.52 EPS.

Pason Systems (TSE:PSIGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.15. The firm had revenue of C$92.50 million during the quarter, compared to the consensus estimate of C$84.87 million.

Several other research analysts have also recently issued reports on PSI. Stifel Nicolaus cut Pason Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$21.50 to C$19.50 in a research note on Wednesday. National Bankshares upped their target price on Pason Systems from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Friday, November 4th. BMO Capital Markets upped their target price on Pason Systems from C$23.00 to C$24.00 in a report on Thursday, November 3rd. Finally, Barclays upped their target price on Pason Systems from C$14.00 to C$15.00 in a report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$20.30.

Pason Systems Stock Up 0.4 %

Shares of TSE:PSI opened at C$15.60 on Friday. Pason Systems has a 52-week low of C$10.98 and a 52-week high of C$17.12. The stock has a market cap of C$1.27 billion and a P/E ratio of 15.60. The business’s 50 day moving average is C$16.00 and its 200 day moving average is C$14.71. The company has a quick ratio of 3.54, a current ratio of 3.83 and a debt-to-equity ratio of 1.64.

Insider Activity

In other news, Senior Officer Jonathan Faber sold 4,600 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of C$16.10, for a total transaction of C$74,060.00. Following the completion of the sale, the insider now owns 42,000 shares in the company, valued at approximately C$676,200. In other news, Senior Officer Bryce Mclean bought 22,667 shares of Pason Systems stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average price of C$12.90 per share, for a total transaction of C$292,404.30. Following the purchase, the insider now directly owns 29,930 shares of the company’s stock, valued at approximately C$386,097. Also, Senior Officer Jonathan Faber sold 4,600 shares of the firm’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of C$16.10, for a total value of C$74,060.00. Following the completion of the transaction, the insider now owns 42,000 shares of the company’s stock, valued at approximately C$676,200.

Pason Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 31st. Stockholders of record on Saturday, December 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, December 14th. This is a positive change from Pason Systems’s previous quarterly dividend of $0.08. Pason Systems’s dividend payout ratio is currently 29.00%.

Pason Systems Company Profile

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Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.

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