Evertz Technologies Limited (TSE:ET) to Issue Quarterly Dividend of $0.18

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.18 per share on Friday, September 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, September 12th.

ET traded down C$0.07 on Tuesday, hitting C$17.90. The company had a trading volume of 9,040 shares, compared to its average volume of 18,793. The company’s fifty day moving average price is C$18.45 and its 200 day moving average price is C$17.68. The company has a current ratio of 3.58, a quick ratio of 1.88 and a debt-to-equity ratio of 9.40. Evertz Technologies has a 1 year low of C$14.68 and a 1 year high of C$19.27. The firm has a market cap of $1.38 billion and a P/E ratio of 18.48.

Evertz Technologies (TSE:ET) last posted its quarterly earnings results on Thursday, June 20th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$107.25 million during the quarter. On average, analysts predict that Evertz Technologies will post 1.14 earnings per share for the current year.

A number of equities research analysts have recently commented on the company. Canaccord Genuity lifted their price objective on Evertz Technologies from C$19.00 to C$20.00 in a research report on Friday, June 21st. BMO Capital Markets upped their price objective on shares of Evertz Technologies from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Finally, Raymond James reissued an “outperform” rating and issued a C$19.00 target price on shares of Evertz Technologies in a research report on Friday.

About Evertz Technologies

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post–production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

Further Reading: Price-Sales Ratio

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