TECSYS Inc. (TCS) to Post Q3 2018 Earnings of $0.11 Per Share, Cormark Forecasts

TECSYS Inc. (TSE:TCS) – Research analysts at Cormark upped their Q3 2018 earnings per share estimates for shares of TECSYS in a research note issued to investors on Monday. Cormark analyst H. Mak now forecasts that the company will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.09.

Several other analysts also recently weighed in on TCS. Industrial Alliance Securities reaffirmed a “buy” rating and set a C$17.00 price target on shares of TECSYS in a research note on Wednesday, September 27th. Laurentian Bank of Canada lifted their price objective on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday. Laurentian lifted their price objective on shares of TECSYS from C$16.00 to C$18.25 in a report on Monday. Finally, Beacon Securities lowered shares of TECSYS from a “buy” rating to a “hold” rating in a report on Monday.

TECSYS (TCS) traded up C$0.03 during trading on Tuesday, hitting C$16.03. 5,292 shares of the stock traded hands, compared to its average volume of 9,982. TECSYS has a 1 year low of C$9.24 and a 1 year high of C$17.18.

In related news, Director Vernon Lobo sold 6,000 shares of TECSYS 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. Also, Director Peter Brereton sold 67,920 shares of TECSYS 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.

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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.25%. This is a positive change from TECSYS’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, December 20th. TECSYS’s dividend payout ratio (DPR) is presently 23.68%.

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About TECSYS

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.

Earnings History and Estimates for TECSYS (TSE:TCS)

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