Pason Systems (PSI) Set to Announce Earnings on Thursday

Pason Systems (TSE:PSI – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect Pason Systems to post earnings of C$0.18 per share for the quarter.

Pason Systems (TSE:PSI – Get Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported C$0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.01. The firm had revenue of C$62.83 million for the quarter, compared to the consensus estimate of C$60.95 million.

TSE PSI opened at C$15.62 on Wednesday. The company has a quick ratio of 4.90, a current ratio of 5.33 and a debt-to-equity ratio of 2.38. Pason Systems has a twelve month low of C$7.50 and a twelve month high of C$17.12. The firm has a market capitalization of C$1.28 billion and a PE ratio of 38.19. The stock’s 50 day moving average is C$14.74 and its 200 day moving average is C$12.36.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 14th. This is a positive change from Pason Systems’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 2.05%. Pason Systems’s payout ratio is currently 48.90%.

Several equities research analysts recently weighed in on PSI shares. BMO Capital Markets lifted their price target on Pason Systems from C$15.50 to C$16.00 in a research report on Monday, March 14th. National Bankshares lifted their price target on Pason Systems from C$15.25 to C$19.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, National Bank Financial boosted their target price on Pason Systems to C$14.50 and gave the stock a “sector perform” rating in a report on Monday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Pason Systems presently has a consensus rating of “Buy” and a consensus target price of C$15.90.

About Pason Systems (Get Rating)

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.

Featured Stories