Pason Systems (PSI) Set to Announce Earnings on Thursday

Pason Systems (TSE:PSI) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 EPS for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The firm had revenue of C$93.30 million during the quarter, compared to analyst estimates of C$86.65 million.

Pason Systems Trading Down 3.6 %

Shares of TSE PSI opened at C$15.65 on Wednesday. Pason Systems has a one year low of C$10.75 and a one year high of C$17.49. The firm has a market capitalization of C$1.24 billion, a PE ratio of 12.93, a PEG ratio of 10.78 and a beta of 1.69. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24. The business has a 50-day moving average price of C$15.20 and a two-hundred day moving average price of C$14.79.

Pason Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. This is a positive change from Pason Systems’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 14th. Pason Systems’s payout ratio is currently 42.98%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSI. Stifel Nicolaus lifted their price target on Pason Systems from C$16.00 to C$17.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets boosted their target price on Pason Systems from C$18.00 to C$20.00 in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$18.50.

Insider Buying and Selling at Pason Systems

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total value of C$107,100.00. Company insiders own 0.31% of the company’s stock.

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.