Enghouse Systems (TSE:ENGH) Trading Up 3.3% – What’s Next?

Enghouse Systems Limited (TSE:ENGH)’s stock price shot up 3.3% during trading on Friday . The stock traded as high as C$16.17 and last traded at C$16.11. 160,503 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 250,939 shares. The stock had previously closed at C$15.60.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ENGH shares. TD reduced their target price on Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating for the company in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce dropped their price target on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a report on Thursday, June 11th. Finally, Royal Bank Of Canada cut their price objective on Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$17.60.

Enghouse Systems Trading Up 3.3%

The firm has a market cap of C$875.92 million, a P/E ratio of 12.20, a price-to-earnings-growth ratio of -4.19 and a beta of 0.13. The company has a quick ratio of 1.84, a current ratio of 1.77 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is C$16.54 and its 200 day simple moving average is C$17.23.

Enghouse Systems (TSE:ENGH) last released its earnings results on Tuesday, June 9th. The company reported C$0.30 earnings per share for the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. The firm had revenue of C$114.28 million for the quarter. As a group, analysts expect that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were issued a $0.31 dividend. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.7%. Enghouse Systems’s payout ratio is presently 90.91%.

Enghouse Systems Company Profile

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.