TECSYS Inc. (TSE:TCS) – Equities research analysts at Cormark lifted their FY2018 EPS estimates for shares of TECSYS in a report issued on Monday. Cormark analyst H. Mak now forecasts that the company will post earnings per share of $0.30 for the year, up from their prior forecast 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.
A number of other research firms have also recently weighed in on TCS. Beacon Securities cut TECSYS from a “buy” rating to a “hold” rating in a research report on Monday. Laurentian increased their price objective on TECSYS from C$16.00 to C$18.25 in a research report on Monday. Laurentian Bank of Canada increased their target price 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 set 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. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from TECSYS’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, December 20th. TECSYS’s dividend payout ratio is 23.68%.
In other news, Director Peter Brereton sold 67,920 shares of the stock in a transaction that occurred on 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 firm’s 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 value of C$95,700.00.
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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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