Pason Systems FY2024 EPS Cut by National Bank Financial

Pason Systems Inc. (TSE:PSI - Free Report) - Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Pason Systems in a research report issued to clients and investors on Thursday, November 7th. National Bank Financial analyst D. Payne now expects that the company will post earnings per share of $1.55 for the year, down from their previous forecast of $1.65. The consensus estimate for Pason Systems' current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for Pason Systems' FY2025 earnings at $1.24 EPS.

PSI has been the topic of several other research reports. Barclays cut their price objective on Pason Systems from C$15.00 to C$13.00 in a report on Thursday, August 15th. BMO Capital Markets cut their target price on Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 4th. Finally, TD Securities lowered their price objective on Pason Systems from C$20.00 to C$18.00 and set a "buy" rating for the company in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$17.50.

Pason Systems Price Performance

Shares of TSE PSI traded down C$0.38 during mid-day trading on Monday, hitting C$14.65. 34,887 shares of the stock traded hands, compared to its average volume of 140,028. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. Pason Systems has a twelve month low of C$12.33 and a twelve month high of C$18.59. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 10.37, a PEG ratio of 10.78 and a beta of 1.58. The firm's 50 day simple moving average is C$13.79.

Pason Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.55%. Pason Systems's dividend payout ratio (DPR) is currently 35.86%.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.