Enghouse Systems (TSE:ENGH) Issues Earnings Results

Enghouse Systems (TSE:ENGH) posted its earnings results on Tuesday. The company reported C$0.30 earnings per share for the quarter, FiscalAI reports. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. The firm had revenue of C$114.28 million during the quarter.

Enghouse Systems Trading Down 1.2%

Enghouse Systems stock opened at C$17.69 on Wednesday. The stock has a 50-day moving average price of C$17.19 and a 200 day moving average price of C$18.21. Enghouse Systems has a 52 week low of C$14.80 and a 52 week high of C$24.15. The stock has a market cap of C$964.09 million, a PE ratio of 14.04, a P/E/G ratio of -4.19 and a beta of 0.01. The company has a current ratio of 1.68, a quick ratio of 1.84 and a debt-to-equity ratio of 1.75.

Enghouse Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a yield of 7.0%. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s dividend payout ratio (DPR) is 92.06%.

Wall Street Analysts Forecast Growth

ENGH has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on shares of Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, March 16th. TD Securities dropped their price objective on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a research note on Monday, March 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of C$20.50.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.