Brokers Issue Forecasts for TECSYS Inc.’s Q3 2018 Earnings (TCS)
TECSYS Inc. (TSE:TCS) – Stock analysts at Cormark lifted their Q3 2018 earnings per share estimates for shares of TECSYS in a research report issued to clients and investors on Monday. Cormark analyst H. Mak now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.09.
Several other equities analysts have also commented on the company. Laurentian upped their target price on TECSYS from C$16.00 to C$18.25 in a research note on Monday. Laurentian Bank of Canada upped their target price on TECSYS from C$16.00 to C$18.25 in a research note on Monday. Finally, Industrial Alliance Securities reiterated a “buy” rating and issued a C$17.00 target price on shares of TECSYS in a research note on Wednesday, September 27th.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be paid a $0.05 dividend. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 20th. TECSYS’s dividend payout ratio is presently 21.05%.
In other TECSYS news, Director Peter Brereton sold 67,920 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$14.90, for a total transaction of C$1,012,008.00. Also, Director Vernon Lobo sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of C$15.95, for a total value of C$95,700.00.
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TECSYS Company Profile
Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.
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