Wayside Technology Group, Inc. (NASDAQ:WSTG – Get Rating) – Equities researchers at Barrington Research issued their Q3 2022 earnings estimates for shares of Wayside Technology Group in a research note issued on Wednesday, October 19th. Barrington Research analyst V. Colicchio expects that the company will post earnings of $0.56 per share for the quarter. Barrington Research has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Wayside Technology Group’s current full-year earnings is $2.58 per share. Barrington Research also issued estimates for Wayside Technology Group’s Q4 2022 earnings at $0.78 EPS, FY2022 earnings at $2.58 EPS, Q1 2023 earnings at $0.68 EPS, Q2 2023 earnings at $0.76 EPS, Q3 2023 earnings at $0.81 EPS, Q4 2023 earnings at $0.93 EPS, FY2023 earnings at $3.18 EPS and FY2024 earnings at $3.90 EPS.
Separately, StockNews.com lowered shares of Wayside Technology Group 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 fifty day moving average of $28.63 and a two-hundred day moving average of $31.92. The stock has a market capitalization of $128.35 million, a PE ratio of 11.53 and a beta of 0.78. Wayside Technology Group has a fifty-two week low of $24.65 and a fifty-two week high of $39.45.
Wayside Technology Group (NASDAQ:WSTG – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter. Wayside Technology Group had a net margin of 4.02% and a return on equity of 21.67%. The firm had revenue of $67.86 million during the quarter.
Wayside Technology Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 15th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, August 12th. Wayside Technology Group’s dividend payout ratio is currently 26.46%.
Institutional Investors Weigh In On Wayside Technology Group
Hedge funds have recently modified their holdings of the company. Sigma Planning Corp purchased a new position in Wayside Technology Group during the second quarter worth about $274,000. Oppenheimer Asset Management Inc. boosted its stake in Wayside Technology Group by 9.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,409 shares of the company’s stock worth $532,000 after buying an additional 1,277 shares during the period. Bank of New York Mellon Corp boosted its stake in Wayside Technology Group by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 21,077 shares of the company’s stock worth $729,000 after buying an additional 420 shares during the period. Royal Bank of Canada boosted its stake in Wayside Technology Group by 8.7% during the first quarter. Royal Bank of Canada now owns 25,100 shares of the company’s stock worth $867,000 after buying an additional 2,000 shares during the period. Finally, Albert D Mason Inc. boosted its stake in Wayside Technology Group by 16.7% during the third quarter. Albert D Mason Inc. now owns 45,248 shares of the company’s stock worth $1,216,000 after buying an additional 6,479 shares during the period. Hedge funds and other institutional investors own 42.89% of the company’s stock.
Wayside Technology Group Company Profile
Wayside Technology Group, Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter.
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