Pason Systems (PSI) Set to Announce Earnings on Thursday

Pason Systems (TSE:PSI - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 earnings per share for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The business had revenue of C$95.86 million during the quarter, compared to the consensus estimate of C$90.20 million.

Pason Systems Trading Up 0.1 %

Shares of TSE PSI traded up C$0.01 during midday trading on Thursday, reaching C$13.47. The company had a trading volume of 211,668 shares, compared to its average volume of 140,578. The firm's fifty day moving average price is C$13.83 and its 200-day moving average price is C$15.58. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41. Pason Systems has a one year low of C$12.33 and a one year high of C$18.59. The stock has a market cap of C$1.07 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, September 13th. Pason Systems's dividend payout ratio (DPR) is presently 35.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PSI. Barclays cut their target price on shares of Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. TD Securities cut their price objective on Pason Systems from C$20.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, October 8th. Finally, BMO Capital Markets decreased their target price on Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$17.50.

Pason Systems Company Profile

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.