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

Sylogist Ltd. (TSE:SYZ) – Investment analysts at Cormark lifted their FY2024 earnings per share estimates for shares of Sylogist in a research report issued 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 previous forecast 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 released its quarterly earnings data 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). Sylogist had a net margin of 1.68% and a return on equity of 2.84%. The firm had revenue of C$16.17 million for the quarter, compared to the consensus estimate of C$16.43 million.

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

Sylogist Stock Performance

Shares of SYZ stock opened at C$9.29 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19. The firm has a fifty day simple moving average of C$8.97 and a two-hundred day simple moving average of C$7.91. 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$218.04 million, a PE ratio of 185.80 and a beta of 0.84.

Sylogist Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Wednesday, February 28th. Sylogist’s dividend payout ratio is presently 80.00%.

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.