Tecsys Inc. Forecasted to Post FY2024 Earnings of $0.46 Per Share (TSE:TCS)

Tecsys Inc. (TSE:TCS – Get Rating) – Research analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for Tecsys in a note issued to investors on Friday, March 3rd. Cormark analyst G. Fairweather now anticipates that the company will post earnings of $0.46 per share for the year, down from their previous forecast of $0.56. Cormark currently has a “Buy” rating and a $43.00 target price on the stock. The consensus estimate for Tecsys’ current full-year earnings is $0.50 per share. Cormark also issued estimates for Tecsys’ FY2025 earnings at $0.93 EPS.

Separately, Raymond James decreased their price target on shares of Tecsys from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, December 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$46.33.

Tecsys Stock Performance

Shares of TSE TCS opened at C$29.98 on Monday. The firm’s 50-day moving average price is C$27.48 and its 200-day moving average price is C$28.88. Tecsys has a 52-week low of C$24.27 and a 52-week high of C$41.13. The company has a market cap of C$436.81 million, a PE ratio of 93.69 and a beta of 0.54. The company has a quick ratio of 1.40, a current ratio of 1.50 and a debt-to-equity ratio of 7.85.

Tecsys Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 23rd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $0.30 annualized dividend and a dividend yield of 1.00%. Tecsys’s dividend payout ratio is currently 93.75%.

Tecsys Company Profile

(Get Rating)

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.