FY2018 EPS Estimates for TECSYS Inc. (TCS) Boosted by Cormark
TECSYS Inc. (TSE:TCS) – Analysts at Cormark upped their FY2018 earnings per share (EPS) estimates for TECSYS in a research report issued on Monday. Cormark analyst H. Mak now anticipates that the company will post earnings per share of $0.30 for the year, up from their prior estimate of $0.27. Cormark also issued estimates for TECSYS’s Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.41 EPS.
Several other analysts have also commented on the company. Beacon Securities lowered TECSYS from a “buy” rating to a “hold” rating in a research note on Monday. Laurentian boosted their price objective on TECSYS from C$16.00 to C$18.25 in a research note on Monday. Laurentian Bank of Canada boosted their price objective on TECSYS from C$16.00 to C$18.25 in a research note on Monday. Finally, Industrial Alliance Securities reissued a “buy” rating and issued a C$17.00 price objective on shares of TECSYS in a research note on Wednesday, September 27th.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $0.05 dividend. 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%. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. TECSYS’s payout ratio is currently 23.68%.
In other news, Director Vernon Lobo sold 6,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of C$15.95, for a total transaction of C$95,700.00. Also, Director Peter Brereton sold 67,920 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$14.90, for a total value of C$1,012,008.00.
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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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