Stifel Canada Estimates Sylogist's FY2024 Earnings (TSE:SYZ)

Sylogist Ltd. (TSE:SYZ - Free Report) - Analysts at Stifel Canada lowered their FY2024 earnings per share (EPS) estimates for shares of Sylogist in a research report issued to clients and investors on Thursday, November 7th. Stifel Canada analyst S. Sukumar now anticipates that the company will post earnings of $0.20 per share for the year, down from their prior forecast of $0.26. The consensus estimate for Sylogist's current full-year earnings is $0.24 per share. Stifel Canada also issued estimates for Sylogist's Q4 2024 earnings at $0.06 EPS.

SYZ has been the topic of several other reports. Cormark upped their price objective on Sylogist from C$12.25 to C$14.00 in a research report on Friday, August 9th. Ventum Cap Mkts raised Sylogist to a "strong-buy" rating in a research report on Tuesday, July 16th. Finally, Acumen Capital set a C$13.25 price objective on Sylogist in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sylogist currently has a consensus rating of "Buy" and an average price target of C$12.96.

Sylogist Stock Down 0.5 %

SYZ stock traded down C$0.05 during midday trading on Monday, hitting C$10.52. The company's stock had a trading volume of 15,627 shares, compared to its average volume of 45,107. The company has a market cap of C$245.64 million, a PE ratio of 1,060.00 and a beta of 0.82. Sylogist has a 12 month low of C$6.51 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's 50-day moving average is C$11.02 and its 200-day moving average is C$10.36.

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

Sylogist Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 29th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. Sylogist's payout ratio is 400.00%.

Insider Activity

In other news, Director Taylor Gray sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$10.81, for a total transaction of C$108,100.00. Insiders own 3.34% of the company's stock.

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.