Tecsys (TSE:TCS) Releases Quarterly Earnings Results

by · The Markets Daily

Tecsys (TSE:TCS – Get Free Report) released its quarterly earnings data on Wednesday. The company reported C$0.12 earnings per share (EPS) for the quarter, FiscalAI reports. Tecsys had a return on equity of 8.05% and a net margin of 2.91%.The company had revenue of C$48.50 million for the quarter.

Tecsys Trading Up 1.8%

Shares of Tecsys stock traded up C$0.46 during midday trading on Wednesday, reaching C$26.01. 17,149 shares of the company’s stock traded hands, compared to its average volume of 35,592. The stock has a 50 day moving average of C$27.06 and a 200-day moving average of C$31.96. Tecsys has a 12 month low of C$22.51 and a 12 month high of C$45.00. The company has a market cap of C$383.60 million, a PE ratio of 72.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.40 and a current ratio of 1.25.

Insider Transactions at Tecsys

In other news, Director David Brereton sold 800 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the sale, the director directly owned 737,772 shares of the company’s stock, valued at approximately C$24,147,277.56. This trade represents a 0.11% decrease in their position. Over the last quarter, insiders have sold 2,100 shares of company stock worth $67,521. 17.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TCS. National Bank Financial raised their price target on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a report on Thursday, January 22nd. Stifel Nicolaus lowered shares of Tecsys from a “buy” rating to a “hold” rating and reduced their target price for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tecsys presently has an average rating of “Moderate Buy” and an average target price of C$38.63.

Check Out Our Latest Stock Analysis on TCS

About Tecsys

(Get Free Report)

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.

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