Pason Systems Inc. Forecasted to Post Q1 2018 Earnings of $0.13 Per Share (PSI)
Pason Systems Inc. (TSE:PSI) – Equities researchers at National Bank Financial issued their Q1 2018 earnings per share estimates for Pason Systems in a report released on Tuesday. National Bank Financial analyst G. Colman forecasts that the company will post earnings per share of $0.13 for the quarter. National Bank Financial has a “Outperform” rating and a $22.00 price target on the stock. National Bank Financial also issued estimates for Pason Systems’ Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.13 EPS and FY2019 earnings at $0.50 EPS.
Separately, GMP Securities upped their price objective on shares of Pason Systems from C$19.00 to C$20.00 in a research report on Thursday.
In other news, insider Timur Kuru acquired 30,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of C$13.46 per share, with a total value of C$403,800.00. Over the last three months, insiders acquired 32,550 shares of company stock valued at $442,841.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.63%. Pason Systems’s payout ratio is currently 226.67%.
Pason Systems Company Profile
Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.
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