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

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

Evertz Technologies Stock Performance

Shares of ET stock opened at C$11.55 on Thursday. The firm has a market cap of C$879.65 million, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.79 and a beta of 0.88. The company has a debt-to-equity ratio of 8.71, a quick ratio of 0.68 and a current ratio of 2.01. Evertz Technologies has a 52 week low of C$11.39 and a 52 week high of C$15.45. The firm’s 50-day simple moving average is C$12.97 and its two-hundred day simple moving average is C$13.77.

Evertz Technologies (TSE:ET) last posted 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 net margin of 13.64% and a return on equity of 27.70%. The business had revenue of C$122.77 million during the quarter. As a group, equities analysts forecast that Evertz Technologies will post 0.9602837 earnings per share for the current year.

Evertz Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 17th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.78 dividend on an annualized basis and a yield of 6.75%. Evertz Technologies’s dividend payout ratio is presently 85.71%.

Insiders Place Their Bets

In other news, insider Evertz Technologies Limited sold 2,529 shares of the company’s stock in a transaction 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. Corporate insiders own 64.51% of the company’s stock.

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.