Pason Systems (PSI) Scheduled to Post Quarterly Earnings on Thursday

Pason Systems (TSE:PSI) is set to post its quarterly earnings results after the market closes on Thursday, November 7th.

Pason Systems (TSE:PSI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$95.86 million during the quarter, compared to analysts’ expectations of C$90.20 million. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%.

Pason Systems Price Performance

TSE PSI opened at C$13.46 on Thursday. Pason Systems has a fifty-two week low of C$12.33 and a fifty-two week high of C$18.59. The stock’s 50-day moving average is C$13.83 and its two-hundred day moving average is C$15.58. The firm has a market cap of C$1.07 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.62 and a quick ratio of 3.54.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, September 13th. Pason Systems’s payout ratio is 35.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Securities decreased their target price on Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. BMO Capital Markets lowered their target price on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. Finally, Barclays dropped their target price on shares of Pason Systems from C$15.00 to C$13.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.50.

About Pason Systems

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.