Tecsys Inc. (TSE:TCS) to Issue $0.08 Quarterly Dividend

Tecsys Inc. (TSE:TCS) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.08 per share on Friday, October 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, September 20th.

Tecsys Price Performance

Tecsys stock opened at C$40.85 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.38 and a quick ratio of 1.40. The firm has a market cap of C$606.21 million, a PE ratio of 314.23 and a beta of 0.68. Tecsys has a one year low of C$24.31 and a one year high of C$44.78. The stock’s fifty day moving average price is C$40.09 and its two-hundred day moving average price is C$37.77.

Tecsys (TSE:TCS) last issued its earnings results on Thursday, June 27th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.10. The business had revenue of C$43.96 million for the quarter, compared to analysts’ expectations of C$44.57 million. Tecsys had a net margin of 1.08% and a return on equity of 2.66%. As a group, research analysts expect that Tecsys will post 0.5893074 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TCS. Ventum Cap Mkts upgraded Tecsys to a “strong-buy” rating in a research note on Monday, June 24th. Cormark cut their price objective on Tecsys from C$45.00 to C$41.00 in a report on Tuesday, July 2nd.

About Tecsys

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.