Analysts Set Expectations for TECSYS Inc.’s FY2018 Earnings (TCS)
TECSYS Inc. (TSE:TCS) – Stock analysts at Beacon Securities decreased their FY2018 earnings estimates for shares of TECSYS in a research report issued to clients and investors on Monday. Beacon Securities analyst G. Leung now forecasts that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.35. Beacon Securities has a “Hold” rating on the stock. Beacon Securities also issued estimates for TECSYS’s FY2019 earnings at $0.41 EPS.
TCS has been the topic of a number of other reports. Laurentian Bank of Canada increased their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research note on Monday. Industrial Alliance Securities reiterated a “buy” rating and set a C$17.00 price objective on shares of TECSYS in a research note on Wednesday, September 27th. Finally, Laurentian increased their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research note on Monday.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be given a dividend of $0.05 per share. This is a boost from TECSYS’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. TECSYS’s dividend payout ratio is presently 23.68%.
In related news, Director Peter Brereton sold 67,920 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were 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 stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of C$15.95, for a total transaction of C$95,700.00.
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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