Wayside Technology Group, Inc. (NASDAQ:WSTG – Get Rating) – Equity researchers at Barrington Research forecast third-quarter 2022 earnings for Wayside Technology Group’s stock in a research note published Wednesday, Oct. 19. announced. Barrington Research analyst V. Colicchio expects the company to post earnings of $0.56 per share in the quarter. Barrington Research has an “Outperform” rating and a price target of $40.00. Wayside Technology Group’s current consensus estimate for annual earnings is $2.58 per share. Barrington Research also forecasts Wayside Technology Group’s fourth quarter 2022 earnings at EPS of $0.78, 2022 earnings at EPS of $2.58, first quarter 2023 earnings at EPS of $0.68, and second quarter 2023 earnings at EPS of $0.68. EPS of $0.76, Q3 2023 profit of $0.81 EPS, Q4 2023 profit of $0.93 EPS, FY23 profit of $3.18 EPS, FY2024 profit of $3.90 EPS.
Separately, StockNews.com downgraded Wayside Technology Group shares from a ‘hold’ rating to a ‘sell’ rating in a report on Thursday.
Wayside Technology Group stock performance
NASDAQ:WSTG opened at $28.70 on Monday. The company has a debt to equity ratio of 0.03, a quick ratio of 1.24 and a current ratio of 1.25. The company has a 50-day moving average of $28.63 and a 200-day moving average of $31.92. The stock has a market cap of $128.35 million, a PE ratio of 11.53 and a beta of 0.78. The Wayside Technology Group hit a 52-week low of $24.65 and a 52-week high of $39.45.
Wayside Technology Group (NASDAQ:WSTG – Get Rating) last reported its earnings on Wednesday, August 3rd. The company reported that his earnings per share (EPS) for the quarter was his $0.63. Wayside Technology Group had a net profit margin of 4.02% and a return on equity of 21.67%. The company’s revenue for the quarter was $67.86 million.
Wayside Technology Group Announces Dividend
The company recently announced its quarterly dividend, which was paid on Friday, August 19th. A dividend of $0.17 was issued to investors of record on Monday, August 15th. This represents his $0.68 dividend and his 2.37% dividend yield on an annual basis. The ex-dividend date for this dividend was Friday, August 12. Wayside Technology Group’s dividend payout ratio is currently 26.46%.
Institutional investor joins Wayside Technology Group
A hedge fund recently adjusted its stake in the company. Sigma Planning Corp purchased a new position in Wayside Technology Group in the second quarter for approximately $274,000. Oppenheimer Asset Management Inc. increased its stake in Wayside Technology Group by 9.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,409 shares of the company worth $532,000 after purchasing an additional 1,277 of his shares during the period. Bank of New York Mellon Corp increased its stake in Wayside Technology Group by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 21,077 shares of the company worth $729,000 after purchasing an additional 420 shares during this period. Royal Bank of Canada increased its stake in Wayside Technology Group by 8.7% in the first quarter. Royal Bank of Canada now owns 25,100 shares of the company, valued at $867,000, after purchasing an additional 2,000 shares during this period. Finally, Albert D Mason Inc. increased his Wayside Technology Group stake by 16.7% in the third quarter. Albert D Mason Inc. now owns 45,248 shares of the company worth $1,216,000 after purchasing an additional 6,479 of his shares during this period. Hedge funds and other institutional investors own 42.89% of the company’s shares.
Wayside Technology Group Company Profile
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Wayside Technology Group, Inc is a value-added information technology (IT) distribution and solutions company with operations in the United States, Canada, Europe, the United Kingdom, and internationally. Distributions and Solutions He operates in two segments. The company distributes technical software and hardware to enterprises and value-added resellers, consultants, and system integrators under the names Climb Channel Solutions and Sigma Software Distribution. Software, hardware and services are offered under the names TechXtend and Gray Matter.
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