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

Sylogist Ltd. (TSE:SYZ) – Equities researchers at Cormark upped their FY2024 EPS estimates for Sylogist in a research note issued on Monday, April 22nd. Cormark analyst G. Fairweather now forecasts that the company will earn $0.19 per share for the year, up from their previous 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.

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

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

Sylogist Trading Up 2.5 %

Sylogist stock opened at C$9.29 on Tuesday. Sylogist has a one year low of C$5.40 and a one year high of C$9.96. The business’s fifty day moving average is C$8.97 and its 200 day moving average is C$7.91. The stock has a market capitalization of C$218.04 million, a PE ratio of 185.80 and a beta of 0.84. 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 Announces Dividend

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