Evertz Technologies (TSE:ET) Price Target Raised to C$13.00

Evertz Technologies (TSE:ET) had its price objective lifted by Royal Bank Of Canada from C$12.00 to C$13.00 in a report published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, BMO Capital Markets lifted their target price on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$14.00.

Evertz Technologies Stock Performance

Shares of ET stock opened at C$14.57 on Thursday. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The company has a market cap of C$1.10 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.79 and a beta of 0.48. Evertz Technologies has a one year low of C$9.45 and a one year high of C$15.16. The firm has a 50-day moving average of C$12.84 and a 200-day moving average of C$12.38.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%.The company had revenue of C$112.15 million during the quarter. Equities research analysts forecast that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 5.5%. Evertz Technologies’s dividend payout ratio (DPR) is presently 100.63%.

Evertz Technologies Company Profile

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments.