FY2024 Earnings Forecast for Sylogist Issued By Cormark

Sylogist Ltd. (TSE:SYZ) – Equities research analysts at Cormark reduced their FY2024 earnings estimates for shares of Sylogist in a report released on Monday, February 3rd. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.07. The consensus estimate for Sylogist’s current full-year earnings is $0.24 per share. Cormark also issued estimates for Sylogist’s FY2025 earnings at $0.14 EPS, FY2026 earnings at $0.24 EPS and FY2027 earnings at $0.46 EPS.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.08). Sylogist had a return on equity of 0.61% and a net margin of 0.34%.

Sylogist Stock Performance

Shares of SYZ opened at C$10.65 on Wednesday. The company has a debt-to-equity ratio of 53.47, a current ratio of 0.45 and a quick ratio of 0.51. The firm has a 50-day moving average of C$9.46 and a 200-day moving average of C$10.41. The company has a market cap of C$248.68 million, a PE ratio of 1,065.00 and a beta of 0.82. Sylogist has a one year low of C$7.95 and a one year high of C$11.60.

Sylogist Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, November 29th. Sylogist’s payout ratio is presently 400.00%.

Insider Activity at Sylogist

In other Sylogist news, Director Craig Wood William bought 2,820 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of C$10.02 per share, for a total transaction of C$28,247.04. In the last quarter, insiders have acquired 8,540 shares of company stock worth $81,525. Company insiders own 3.34% of the company’s stock.

About Sylogist

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.