Pason Systems (PSI) Announces Quarterly Results
Pason Systems (TSE:PSI) issued its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21, Analyst Ratings Network reports.
On a related note, analysts at National Bank Financial initiated coverage on shares of Pason Systems in a research note on Tuesday, June 24th. They set an “outperform” rating and a C$35.00 price target on the stock.
Pason Systems (TSE:PSI) opened at 28.60 on Thursday. Pason Systems has a 52 week low of $19.13 and a 52 week high of $32.06. The stock has a 50-day moving average of $29.28 and a 200-day moving average of $28.60. The company has a market cap of $2.357 billion and a P/E ratio of 152.89.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.38%.
Pason Systems Inc (TSE:PSI) designs and manufactures instrumentation for rent or sale on drilling and service rigs.
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