Tecsys (TSE:TCS) Downgraded to “Hold” at Cormark

Cormark downgraded shares of Tecsys (TSE:TCS) from a moderate buy rating to a hold rating in a research report report published on Monday morning, Zacks.com reports. Cormark also issued estimates for Tecsys’ FY2025 earnings at $0.46 EPS and FY2026 earnings at $0.84 EPS.

Separately, Ventum Cap Mkts raised Tecsys to a strong-buy rating in a report on Monday, June 24th.

Tecsys Price Performance

Shares of Tecsys stock opened at C$41.32 on Monday. The business has a 50 day simple moving average of C$40.49 and a two-hundred day simple moving average of C$37.93. Tecsys has a 12 month low of C$24.31 and a 12 month high of C$44.78. The stock has a market capitalization of C$611.12 million, a P/E ratio of 392.90 and a beta of 0.67. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.38 and a quick ratio of 1.40.

Tecsys (TSE:TCS) last announced its earnings results on Thursday, June 27th. The company reported C$0.15 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.10. Tecsys had a return on equity of 2.08% and a net margin of 0.86%. The business had revenue of C$43.96 million during the quarter, compared to analysts’ expectations of C$44.57 million. As a group, analysts predict that Tecsys will post 0.4596935 EPS for the current fiscal year.

Tecsys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. Tecsys’s dividend payout ratio is presently 320.00%.

About Tecsys

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.