Dye & Durham Limited (TSE:DND) Receives C$24.71 Average PT from Analysts

Dye & Durham Limited (TSE:DND) has been given an average rating of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$24.71.

Several equities research analysts have issued reports on DND shares. BMO Capital Markets boosted their price target on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group dropped their price target on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Canaccord Genuity Group lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Finally, CIBC increased their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th.

Dye & Durham Stock Down 1.4 %

DND stock opened at C$17.51 on Wednesday. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of -5.98 and a beta of 2.09. The company has a 50-day moving average of C$18.78 and a two-hundred day moving average of C$15.32. Dye & Durham has a 52-week low of C$10.92 and a 52-week high of C$22.59. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The company had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.30 million. As a group, equities research analysts anticipate that Dye & Durham will post 0.1121051 EPS for the current year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s dividend payout ratio is currently -2.73%.

Insiders Place Their Bets

In other news, insider Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total value of C$19,150,000.00. Insiders own 25.60% of the company’s stock.

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.