Evertz Technologies Limited (ET) to Issue Quarterly Dividend of $0.21 on March 20th

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Shareholders of record on Friday, March 20th will be paid a dividend of 0.205 per share on Friday, March 20th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, March 13th.

Evertz Technologies Trading Down 1.3%

Shares of TSE:ET traded down C$0.20 during trading on Wednesday, hitting C$15.79. The company had a trading volume of 47,886 shares, compared to its average volume of 28,074. The stock has a market cap of C$1.19 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. Evertz Technologies has a one year low of C$9.45 and a one year high of C$16.24. The company has a fifty day simple moving average of C$14.80 and a two-hundred day simple moving average of C$13.47. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET) last announced its earnings results on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.The firm had revenue of C$139.33 million during the quarter. As a group, equities analysts forecast that Evertz Technologies will post 0.8010974 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ET. Royal Bank Of Canada boosted their price objective on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 3rd. Raymond James Financial raised their target price on shares of Evertz Technologies from C$14.00 to C$18.00 in a report on Thursday, March 5th. Finally, BMO Capital Markets lifted their price target on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.00.

Evertz Technologies Company Profile

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm’s revenue is generated in the United States.