Pason Systems (PSI) Set to Announce Earnings on Thursday

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

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

Pason Systems Price Performance

Shares of TSE PSI opened at C$15.65 on Wednesday. The business’s 50 day moving average price is C$15.20 and its two-hundred day moving average price is C$14.79. The company has a market cap of C$1.24 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 10.78 and a beta of 1.69. The company has a quick ratio of 3.54, a current ratio of 4.84 and a debt-to-equity ratio of 3.24. Pason Systems has a twelve month low of C$10.75 and a twelve month high of C$17.49.

Pason Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were given a $0.13 dividend. This is an increase from Pason Systems’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. Pason Systems’s dividend payout ratio is presently 42.98%.

Insider Buying and Selling

In related news, Senior Officer Russell Smith sold 7,000 shares of Pason Systems stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$15.30, for a total value of C$107,100.00. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets increased their price target 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 given a buy rating to the company. Based on data from MarketBeat.com, Pason Systems has an average rating of “Moderate Buy” and an average price target of C$18.50.

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.