Evertz Technologies (TSE:ET) Releases Quarterly Earnings Results

Evertz Technologies (TSE:ET) released its quarterly earnings data on Wednesday. The company reported C$0.20 EPS for the quarter, FiscalAI reports. The business had revenue of C$131.57 million during the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.

Evertz Technologies Stock Performance

Shares of Evertz Technologies stock traded up C$0.28 on Wednesday, reaching C$16.52. 13,425 shares of the company were exchanged, compared to its average volume of 25,775. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.68 and a current ratio of 1.65. The company’s 50-day moving average is C$16.37 and its two-hundred day moving average is C$15.43. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 0.79 and a beta of 0.85. Evertz Technologies has a 1-year low of C$11.92 and a 1-year high of C$18.12.

Insider Transactions at Evertz Technologies

In related news, Director Rakesh Thakor Patel sold 22,200 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of C$16.70, for a total transaction of C$370,740.00. Following the completion of the transaction, the director directly owned 398,350 shares in the company, valued at C$6,652,445. This represents a 5.28% decrease in their position. 64.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ET has been the subject of a number of recent analyst reports. Raymond James Financial raised their price objective on Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. Royal Bank Of Canada increased their target price on Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.

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. More than half of the firm’s revenue is generated in the United States.