Evertz Technologies Limited (TSE:ET) Plans Quarterly Dividend of $0.21

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Thursday, December 18th, TickerTech Dividends reports. Investors of record on Wednesday, December 24th will be paid a dividend of 0.205 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, December 18th. This is a 2.5% increase from Evertz Technologies’s previous quarterly dividend of $0.20.

Evertz Technologies Trading Down 0.3%

Shares of ET opened at C$14.52 on Tuesday. Evertz Technologies has a twelve month low of C$9.45 and a twelve month high of C$15.16. The stock has a market cap of C$1.10 billion, a PE ratio of 17.29, a P/E/G ratio of 0.79 and a beta of 0.48. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The business’s 50-day moving average price is C$12.89 and its 200-day moving average price is C$12.40.

Evertz Technologies (TSE:ET) last issued its quarterly earnings data on Wednesday, September 10th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$112.15 million during the quarter. Evertz Technologies had a net margin of 11.71% and a return on equity of 22.13%. On average, equities analysts forecast that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ET has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Evertz Technologies from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. BMO Capital Markets lifted their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Evertz Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

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.