Cormark Analysts Decrease Earnings Estimates for Sylogist

Sylogist Ltd. (TSE:SYZ) – Stock analysts at Cormark lowered their FY2024 earnings per share estimates for shares of Sylogist in a research note issued to investors on Monday, February 3rd. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.07. The consensus estimate for Sylogist’s current full-year earnings is $0.24 per share. Cormark also issued estimates for Sylogist’s FY2025 earnings at $0.14 EPS, FY2026 earnings at $0.24 EPS and FY2027 earnings at $0.46 EPS.

Sylogist Stock Up 0.9 %

Shares of TSE SYZ opened at C$10.36 on Wednesday. The firm has a fifty day simple moving average of C$9.45 and a two-hundred day simple moving average of C$10.41. Sylogist has a 12 month low of C$7.95 and a 12 month high of C$11.60. The company has a current ratio of 0.45, a quick ratio of 0.51 and a debt-to-equity ratio of 53.47. The firm has a market capitalization of C$241.91 million, a PE ratio of 1,036.00 and a beta of 0.82.

Sylogist (TSE:SYZ) last posted its earnings results on Thursday, November 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.08). Sylogist had a net margin of 0.34% and a return on equity of 0.61%.

Insiders Place Their Bets

In other Sylogist news, Director Craig Wood William bought 2,820 shares of Sylogist stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average cost of C$10.02 per share, with a total value of C$28,247.04. Insiders purchased 8,540 shares of company stock worth $81,525 over the last three months. Company insiders own 3.34% of the company’s stock.

Sylogist Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 29th. Sylogist’s payout ratio is currently 400.00%.

About Sylogist

Sylogist Ltd., a software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company offers SylogistMission constituent relationship management system, which includes donor management, fundraising, volunteer management, and program delivery; and enterprise resource management, such as accounting and financial management, grant and award management, budget management, payroll and human resources, analytics and reporting, and support and training.