Evertz Technologies Limited to Issue Quarterly Dividend of $0.20 (TSE:ET)

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Monday, July 6th, TickerTech Dividends reports. Investors of record on Monday, July 13th will be paid a dividend of 0.205 per share on Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, July 6th.

Evertz Technologies Stock Performance

TSE:ET opened at C$18.50 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.68 and a debt-to-equity ratio of 6.93. The company has a market capitalization of C$1.40 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The firm has a 50-day moving average price of C$16.54 and a two-hundred day moving average price of C$15.65. Evertz Technologies has a twelve month low of C$11.92 and a twelve month high of C$21.50.

Evertz Technologies (TSE:ET) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$131.57 million for the quarter. Evertz Technologies had a net margin of 12.40% and a return on equity of 27.67%. As a group, research analysts expect that Evertz Technologies will post 0.8010974 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.50.

About Evertz Technologies

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.