Cormark Lowers Tecsys (TSE:TCS) to Hold

Cormark downgraded shares of Tecsys (TSE:TCS) from a moderate buy rating to a hold rating in a research report sent to investors 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 shares of Tecsys to a strong-buy rating in a report on Monday, June 24th.

Tecsys Stock Performance

TSE:TCS opened at C$39.29 on Monday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.38 and a quick ratio of 1.40. The firm has a market cap of C$583.06 million, a price-to-earnings ratio of 304.23 and a beta of 0.68. The firm’s fifty day moving average price is C$40.41 and its 200 day moving average price is C$37.92. Tecsys has a 1-year low of C$24.31 and a 1-year high of C$44.78.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Thursday, June 27th. The company reported C$0.15 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.10. The business had revenue of C$43.96 million during the quarter, compared to analysts’ expectations of C$44.57 million. Tecsys had a return on equity of 2.66% and a net margin of 1.08%. On average, sell-side analysts expect that Tecsys will post 0.5893074 EPS for the current year.

Tecsys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, September 20th. Tecsys’s dividend payout ratio is presently 246.15%.

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.