Cormark Issues Pessimistic Outlook for Sylogist Earnings

Sylogist Ltd. (TSE:SYZ) – Equities researchers at Cormark cut their FY2024 EPS estimates for shares of Sylogist in a research note issued to investors on Friday, November 8th. Cormark analyst G. Fairweather now forecasts that the company will earn $0.07 per share for the year, down from their prior forecast of $0.13. The consensus estimate for Sylogist’s current full-year earnings is $0.24 per share.

SYZ has been the topic of several other research reports. Acumen Capital set a C$13.25 price target on Sylogist in a report on Friday, August 9th. Ventum Cap Mkts upgraded Sylogist to a “strong-buy” rating in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$12.96.

Sylogist Stock Performance

Shares of SYZ stock opened at C$11.05 on Monday. The company has a market cap of C$258.02 million, a P/E ratio of 1,052.00 and a beta of 0.82. The business has a 50 day moving average of C$11.01 and a two-hundred day moving average of C$10.37. 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.

Sylogist Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 29th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. Sylogist’s dividend payout ratio (DPR) is presently 400.00%.

Insider Transactions at Sylogist

In related news, Director Taylor Gray sold 10,000 shares of Sylogist stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$10.81, for a total transaction of C$108,100.00. 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.