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

Pason Systems (TSE:PSI) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

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

Pason Systems Stock Performance

Pason Systems stock opened at C$16.02 on Thursday. The firm has a market capitalization of C$1.27 billion, a P/E ratio of 13.24, a PEG ratio of 10.78 and a beta of 1.69. The stock has a fifty day moving average price of C$15.08 and a 200 day moving average price of C$14.73. Pason Systems has a 52 week low of C$10.75 and a 52 week high of C$17.49. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24.

Pason Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were paid a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from Pason Systems’s previous quarterly dividend of $0.12. Pason Systems’s dividend payout ratio (DPR) is 42.98%.

Insider Activity at Pason Systems

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PSI. BMO Capital Markets increased their target price on Pason Systems from C$18.00 to C$20.00 in a report on Tuesday. Stifel Nicolaus lifted their price target on Pason Systems from C$16.00 to C$17.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.