Echelon Wealth Partners Brokers Cut Earnings Estimates for Sylogist Ltd. (TSE:SYZ)

Sylogist Ltd. (TSE:SYZ) – Research analysts at Echelon Wealth Partners reduced their Q1 2024 earnings estimates for Sylogist in a report issued on Sunday, April 14th. Echelon Wealth Partners analyst A. Ezzat now expects that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.05. Echelon Wealth Partners has a “Buy” rating and a $12.50 price objective 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.

Sylogist (TSE:SYZ) last released its earnings results on Thursday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$16.17 million for the quarter, compared to the consensus estimate of C$16.43 million.

A number of other brokerages also recently commented on SYZ. Paradigm Capital set a C$12.00 target price on shares of Sylogist and gave the stock a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus set a C$14.00 target price on shares of Sylogist and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Cormark boosted their target price on shares of Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$11.50.

Sylogist Stock Performance

SYZ stock opened at C$9.63 on Tuesday. 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 business has a 50-day moving average price of C$8.88 and a 200 day moving average price of C$7.85. The company has a market capitalization of C$226.02 million, a P/E ratio of 192.60 and a beta of 0.84. Sylogist has a 1-year low of C$5.40 and a 1-year high of C$9.96.

Sylogist Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, February 28th. Sylogist’s payout ratio is 80.00%.

Sylogist Company Profile

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.