Pason Systems (TSE:PSI) Posts Earnings Results

Pason Systems (TSE:PSI) issued its quarterly earnings data on Thursday. The company reported C$0.17 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%.

Pason Systems Stock Performance

Shares of TSE PSI traded down C$0.49 during mid-day trading on Friday, hitting C$14.38. The company had a trading volume of 10,424 shares, compared to its average volume of 202,810. Pason Systems has a 12 month low of C$10.95 and a 12 month high of C$15.47. The firm has a market cap of C$1.12 billion, a P/E ratio of 21.15, a PEG ratio of 10.78 and a beta of 0.41. The business’s 50-day simple moving average is C$13.16 and its 200-day simple moving average is C$12.52. The company has a debt-to-equity ratio of 10.90, a current ratio of 1.98 and a quick ratio of 3.54.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 17th. Pason Systems’s dividend payout ratio (DPR) is presently 76.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PSI. TD raised shares of Pason Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from C$13.00 to C$18.00 in a research report on Tuesday. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, National Bank Financial lowered their price target on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$15.13.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.