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

Sylogist Ltd. (TSE:SYZ) – Equities researchers at Cormark boosted their FY2024 EPS estimates for shares of Sylogist in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst G. Fairweather now anticipates that the company will earn $0.19 per share 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.

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

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

Sylogist Stock Performance

Shares of SYZ opened at C$9.20 on Tuesday. The company has a 50-day simple moving average of C$8.99 and a 200-day simple moving average 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 company has a market capitalization of C$215.92 million, a PE ratio of 184.00 and a beta of 0.84. Sylogist has a 52-week low of C$5.40 and a 52-week high of C$9.96.

Sylogist Announces Dividend

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

Insider Activity at Sylogist

In other news, Director Tracy Edkins purchased 3,222 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were bought at an average cost of C$9.31 per share, with a total value of C$29,996.82. 5.16% of the stock is owned by corporate insiders.

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.