Evertz Technologies (TSE:ET) Hits New 52-Week High – Still a Buy?

Evertz Technologies Limited (TSE:ET)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.80 and last traded at C$14.54, with a volume of 11125 shares. The stock had previously closed at C$14.70.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ET shares. Royal Bank Of Canada increased their price objective on shares of Evertz Technologies from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report 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 stock an “outperform” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$14.00.

Evertz Technologies Stock Down 0.1%

The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The company has a 50-day simple moving average of C$13.72 and a 200 day simple moving average of C$12.78. The company has a market cap of C$1.11 billion, a P/E ratio of 17.48, a P/E/G ratio of 0.79 and a beta of 0.63.

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

Evertz Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 5.6%. Evertz Technologies’s dividend payout ratio is presently 95.24%.

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.