Tecsys (TSE:TCS) Posts Quarterly Earnings Results

Tecsys (TSE:TCS) posted its quarterly earnings results on Monday. The company reported C($0.02) EPS for the quarter, FiscalAI reports. The firm had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%.

Tecsys Price Performance

Shares of TSE TCS opened at C$35.23 on Tuesday. Tecsys has a 1 year low of C$22.51 and a 1 year high of C$40.29. The stock has a market capitalization of C$515.77 million, a P/E ratio of 88.07 and a beta of 0.81. The company’s 50-day moving average is C$35.70 and its 200 day moving average is C$30.89. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.19 and a quick ratio of 1.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCS. Canadian Imperial Bank of Commerce lowered their price objective on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Finally, ATB Cormark Capital Markets upgraded Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Tecsys has an average rating of “Moderate Buy” and a consensus price target of C$38.62.

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 1,000 shares of Tecsys stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$36.47, for a total transaction of C$36,470.00. Following the sale, the director directly owned 719,272 shares of the company’s stock, valued at approximately C$26,231,849.84. The trade was a 0.14% decrease in their position. Over the last quarter, insiders sold 2,300 shares of company stock worth $83,419. Insiders own 17.05% of the company’s stock.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.