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

Sylogist Ltd. (TSE:SYZ) – Equities researchers at Echelon Wealth Partners reduced their Q1 2024 earnings per share (EPS) estimates for shares of Sylogist in a note issued to investors on Sunday, April 14th. Echelon Wealth Partners analyst A. Ezzat now expects that the company will earn $0.04 per share for the quarter, down from their prior estimate of $0.05. Echelon Wealth Partners currently has a “Buy” rating and a $12.50 target price 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.

Other equities analysts have also issued reports about the company. Cormark increased their price objective on Sylogist from C$10.50 to C$11.00 in a report on Friday, March 15th. Stifel Nicolaus set a C$14.00 price objective on Sylogist and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Paradigm Capital set a C$12.00 price target on Sylogist and gave the company a “buy” rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$11.50.

Sylogist Stock Performance

Shares of SYZ stock opened at C$9.63 on Tuesday. Sylogist has a 12-month low of C$5.40 and a 12-month high of C$9.96. The firm has a market capitalization of C$226.02 million, a price-to-earnings ratio of 192.60 and a beta of 0.84. The business has a 50 day simple moving average of C$8.88 and a 200 day simple moving average of C$7.85. The company has a debt-to-equity ratio of 47.19, a current ratio of 0.54 and a quick ratio of 0.51.

Sylogist (TSE:SYZ) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$16.43 million.

Sylogist Announces Dividend

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

About Sylogist

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.