TECSYS Inc. (TCS) to Post FY2018 Earnings of $0.30 Per Share, Beacon Securities Forecasts
TECSYS Inc. (TSE:TCS) – Stock analysts at Beacon Securities dropped their FY2018 earnings per share estimates for TECSYS in a research note issued on Monday. Beacon Securities analyst G. Leung now expects that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.35. Beacon Securities currently has a “Hold” rating on the stock. Beacon Securities also issued estimates for TECSYS’s FY2019 earnings at $0.41 EPS.
Several other equities analysts have also recently commented on the stock. Laurentian boosted their price target on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday. Industrial Alliance Securities reiterated a “buy” rating and issued a C$17.00 price objective on shares of TECSYS in a report on Wednesday, September 27th. Finally, Laurentian Bank of Canada upped their price objective on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday.
Shares of TECSYS (TCS) traded up C$0.07 during trading hours on Wednesday, reaching C$16.10. 1,526 shares of the company’s stock traded hands, compared to its average volume of 9,945. TECSYS has a 52 week low of C$9.24 and a 52 week high of C$17.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This is a boost from TECSYS’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. TECSYS’s dividend payout ratio is currently 23.68%.
In other TECSYS news, Director Peter Brereton sold 67,920 shares of the company’s stock in a transaction dated 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 company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of C$15.95, for a total transaction 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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