Dye & Durham (TSE:DND) Announces Quarterly Earnings Results

Dye & Durham (TSE:DND) released its earnings results on Thursday. The company reported C($0.14) earnings per share for the quarter, reports. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The firm had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million.

Dye & Durham Price Performance

TSE:DND opened at C$18.29 on Friday. The company has a 50-day moving average of C$16.28 and a 200-day moving average of C$14.26. Dye & Durham has a 52 week low of C$9.61 and a 52 week high of C$20.01. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of -6.24 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00.

Dye & Durham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.42%. Dye & Durham’s dividend payout ratio is -2.73%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DND. CIBC lifted their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Cormark dropped their price target on Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. Finally, BMO Capital Markets increased their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham currently has a consensus rating of “Buy” and a consensus price target of C$22.08.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.