Cormark Has Negative Outlook for Sylogist FY2024 Earnings

Sylogist Ltd. (TSE:SYZ - Free Report) - Equities research analysts at Cormark cut their FY2024 earnings estimates for shares of Sylogist in a research report issued to clients and investors on Friday, November 8th. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of $0.07 for the year, down from their prior forecast of $0.13. The consensus estimate for Sylogist's current full-year earnings is $0.24 per share.

SYZ has been the subject of a number of other reports. Acumen Capital set a C$13.25 target price on shares of Sylogist in a report on Friday, August 9th. Ventum Cap Mkts raised shares of Sylogist to a "strong-buy" rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$12.96.

Sylogist Price Performance

SYZ traded down C$0.05 during trading on Monday, reaching C$10.52. 15,627 shares of the company traded hands, compared to its average volume of 45,107. The company has a debt-to-equity ratio of 53.47, a quick ratio of 0.51 and a current ratio of 0.45. Sylogist has a 12-month low of C$6.51 and a 12-month high of C$11.60. The firm has a fifty day simple moving average of C$11.02 and a 200 day simple moving average of C$10.36. The company has a market cap of C$245.64 million, a P/E ratio of 1,060.00 and a beta of 0.82.

Sylogist (TSE:SYZ - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.06). Sylogist had a net margin of 0.34% and a return on equity of 0.61%. The company had revenue of C$17.40 million for the quarter, compared to analysts' expectations of C$17.33 million.

Sylogist Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 29th. Investors of record on Wednesday, December 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Sylogist's dividend payout ratio is presently 400.00%.

Insider Buying and Selling

In related news, Director Taylor Gray sold 10,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$10.81, for a total value of C$108,100.00. 3.34% of the stock is owned by corporate insiders.

Sylogist Company Profile

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.