FY2024 EPS Estimates for Sylogist Decreased by Stifel Canada

Sylogist Ltd. (TSE:SYZ) – Analysts at Stifel Canada reduced their FY2024 earnings per share estimates for Sylogist in a report released 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 estimate 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.

A number of other equities research analysts have also issued reports on SYZ. Cormark upped their price objective on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Acumen Capital set a C$13.25 price target on shares of Sylogist in a report on Friday, August 9th. Finally, Ventum Cap Mkts upgraded Sylogist to a “strong-buy” rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$12.96.

Sylogist Stock Up 5.0 %

Shares of SYZ opened at C$11.05 on Monday. Sylogist has a 52-week low of C$6.51 and a 52-week high of C$11.60. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 53.47. The stock has a fifty day simple moving average of C$11.01 and a two-hundred day simple moving average of C$10.37. The company has a market capitalization of C$258.02 million, a PE ratio of 1,052.00 and a beta of 0.82.

Insider Buying and Selling

In other Sylogist news, Director Taylor Gray sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$10.81, for a total value of C$108,100.00. 3.34% of the stock is currently owned by corporate insiders.

Sylogist Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 29th. Stockholders of record on Wednesday, December 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. Sylogist’s dividend payout ratio is currently 400.00%.

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.