Evertz Technologies (TSE:ET) Issues Quarterly Earnings Results

Evertz Technologies (TSE:ET) released its earnings results on Tuesday. The company reported C$0.20 EPS for the quarter, hitting analysts’ consensus estimates of C$0.20, reports. The firm had revenue of C$125.82 million during the quarter. Evertz Technologies had a return on equity of 26.91% and a net margin of 14.09%.

Evertz Technologies Trading Up 2.0 %

Shares of ET stock opened at C$12.80 on Friday. The company has a debt-to-equity ratio of 11.71, a current ratio of 2.00 and a quick ratio of 0.68. The company has a market cap of C$974.72 million, a price-to-earnings ratio of 15.24, a PEG ratio of 0.79 and a beta of 0.75. The stock has a 50 day simple moving average of C$13.01 and a 200-day simple moving average of C$12.29. Evertz Technologies has a 1-year low of C$10.03 and a 1-year high of C$14.10.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Thursday, September 21st. Evertz Technologies’s payout ratio is 90.48%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price target on Evertz Technologies from C$15.00 to C$15.50 in a research report on Thursday, June 22nd.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of 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 and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.