Tecsys Inc. Announces Quarterly Dividend of $0.08 (TSE:TCS)

Tecsys Inc. (TSE:TCS) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.08 per share on Friday, October 4th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, September 20th.

Tecsys Trading Up 0.9 %

Tecsys stock opened at C$40.85 on Friday. Tecsys has a 12 month low of C$24.31 and a 12 month high of C$44.78. The company has a market capitalization of C$606.21 million, a price-to-earnings ratio of 314.23 and a beta of 0.68. The business’s fifty day simple moving average is C$40.09 and its two-hundred day simple moving average is C$37.77. The company has a current ratio of 1.38, a quick ratio of 1.40 and a debt-to-equity ratio of 3.09.

Tecsys (TSE:TCS) last issued its earnings results on Thursday, June 27th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.10. Tecsys had a net margin of 1.08% and a return on equity of 2.66%. The firm had revenue of C$43.96 million for the quarter, compared to the consensus estimate of C$44.57 million. As a group, equities analysts predict that Tecsys will post 0.5893074 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TCS shares. Ventum Cap Mkts upgraded Tecsys to a “strong-buy” rating in a research note on Monday, June 24th. Cormark reduced their price objective on Tecsys from C$45.00 to C$41.00 in a report on Tuesday, July 2nd.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.