FY2024 EPS Estimate for Pason Systems Cut by Analyst

Pason Systems Inc. (TSE:PSI) – Investment analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Pason Systems in a research note issued to investors on Thursday, November 7th. National Bank Financial analyst D. Payne now expects that the company will earn $1.55 per share for the year, down from their previous estimate of $1.65. The consensus estimate for Pason Systems’ current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for Pason Systems’ FY2025 earnings at $1.24 EPS.

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

Pason Systems Stock Up 0.1 %

PSI opened at C$14.67 on Monday. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 10.11, 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 quick ratio of 3.54 and a current ratio of 2.62. The firm’s fifty day moving average is C$13.80 and its 200 day moving average is C$15.46. Pason Systems has a fifty-two week low of C$12.33 and a fifty-two week high of C$18.59.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, December 17th. Pason Systems’s payout ratio is presently 35.86%.

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.