Pason Systems (PSI) Set to Announce Quarterly Earnings on Thursday

Pason Systems (TSE:PSI) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Pason Systems to post earnings of C$0.33 per share for the quarter.

Pason Systems (TSE:PSI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$93.30 million for the quarter, compared to the consensus estimate of C$86.65 million. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%.

Pason Systems Price Performance

TSE:PSI opened at C$16.02 on Thursday. The firm has a market cap of C$1.27 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 10.78 and a beta of 1.69. Pason Systems has a 12 month low of C$10.75 and a 12 month high of C$17.49. The company has a quick ratio of 3.54, a current ratio of 4.84 and a debt-to-equity ratio of 3.24. The company’s 50-day moving average price is C$15.08 and its two-hundred day moving average price is C$14.73.

Pason Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, March 14th. This is an increase from Pason Systems’s previous quarterly dividend of $0.12. Pason Systems’s dividend payout ratio is presently 42.98%.

Insider Buying and Selling

In related news, Senior Officer Russell Smith sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on PSI shares. BMO Capital Markets increased their price target on shares of Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday. Stifel Nicolaus boosted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$18.50.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.