Evertz Technologies (TSE:ET) Price Target Lowered to C$15.00 at BMO Capital Markets

Evertz Technologies (TSE:ET) had its price objective trimmed by BMO Capital Markets from C$17.00 to C$15.00 in a research note published on Thursday morning, BayStreet.CA reports.

Evertz Technologies Stock Down 1.7 %

Shares of Evertz Technologies stock opened at C$11.55 on Thursday. The company has a debt-to-equity ratio of 8.71, a current ratio of 2.01 and a quick ratio of 0.68. The company has a 50-day moving average of C$12.97 and a 200 day moving average of C$13.77. The firm has a market cap of C$879.65 million, a price-to-earnings ratio of 12.69, a PEG ratio of 0.79 and a beta of 0.88. Evertz Technologies has a 1 year low of C$11.39 and a 1 year high of C$15.45.

Evertz Technologies (TSE:ET) last issued its quarterly earnings results on Wednesday, June 19th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.04). Evertz Technologies had a return on equity of 27.70% and a net margin of 13.64%. The business had revenue of C$122.77 million during the quarter. As a group, sell-side analysts anticipate that Evertz Technologies will post 0.9602837 earnings per share for the current fiscal year.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 17th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 6.75%. The ex-dividend date is Tuesday, September 17th. Evertz Technologies’s dividend payout ratio (DPR) is 85.71%.

Insider Activity

In other news, insider Evertz Technologies Limited sold 2,529 shares of Evertz Technologies stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$13.39, for a total value of C$33,865.33. Insiders own 64.51% of the company’s stock.

Evertz Technologies Company Profile

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.