FY2024 EPS Estimates for Sylogist Ltd. (TSE:SYZ) Boosted by Cormark

Sylogist Ltd. (TSE:SYZ) – Analysts at Cormark raised their FY2024 earnings per share (EPS) estimates for Sylogist in a research note issued to investors on Monday, April 22nd. Cormark analyst G. Fairweather now forecasts that the company will post earnings per share of $0.19 for the year, up from their prior estimate of $0.18. The consensus estimate for Sylogist’s current full-year earnings is $0.20 per share. Cormark also issued estimates for Sylogist’s FY2025 earnings at $0.35 EPS and FY2026 earnings at $0.51 EPS.

A number of other analysts have also commented on the company. Paradigm Capital set a C$12.00 price objective on Sylogist and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Echelon Wealth Partners lifted their price objective on Sylogist from C$11.00 to C$12.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus set a C$14.00 price objective on Sylogist and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Sylogist presently has a consensus rating of “Buy” and an average price target of C$11.50.

Sylogist Price Performance

Shares of SYZ stock opened at C$9.20 on Tuesday. The stock has a 50-day moving average price of C$8.99 and a 200 day moving average price of C$7.93. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 47.19. The firm has a market cap of C$215.92 million, a price-to-earnings ratio of 184.00 and a beta of 0.84. Sylogist has a 12 month low of C$5.40 and a 12 month high of C$9.96.

Sylogist (TSE:SYZ) last announced its earnings results on Thursday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). The business had revenue of C$16.17 million during the quarter, compared to analyst estimates of C$16.43 million. Sylogist had a net margin of 1.68% and a return on equity of 2.84%.

Sylogist Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Wednesday, February 28th. Sylogist’s dividend payout ratio (DPR) is currently 80.00%.

Insiders Place Their Bets

In related news, Director Tracy Edkins bought 3,222 shares of Sylogist stock in a transaction on Friday, April 19th. The shares were purchased at an average price of C$9.31 per share, for a total transaction of C$29,996.82. Company insiders own 5.16% of the company’s stock.

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.