Dye & Durham (TSE:DND) Issues Quarterly Earnings Results

Dye & Durham (TSE:DND) announced its quarterly earnings data on Wednesday. The company reported C$0.12 earnings per share (EPS) for the quarter, reports. The business had revenue of C$120.12 million during the quarter, compared to analyst estimates of C$119.81 million. Dye & Durham had a negative net margin of 34.81% and a negative return on equity of 31.62%.

Dye & Durham Trading Down 0.4 %

Shares of TSE DND opened at C$13.25 on Friday. Dye & Durham has a 1-year low of C$7.46 and a 1-year high of C$20.54. The company has a debt-to-equity ratio of 286.80, a current ratio of 1.33 and a quick ratio of 1.98. The business’s 50 day moving average is C$13.20 and its two-hundred day moving average is C$13.68. The stock has a market capitalization of C$886.43 million, a P/E ratio of -4.89 and a beta of 2.07.

Dye & Durham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 12th will be issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 12th. Dye & Durham’s payout ratio is -2.95%.

Wall Street Analysts Forecast Growth

DND has been the topic of a number of research reports. Scotiabank reduced their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a report on Wednesday, May 15th. CIBC lifted their target price on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday. Cormark dropped their price target on Dye & Durham from C$23.00 to C$17.50 in a research note on Monday, July 22nd. Finally, Raymond James raised their price target on Dye & Durham from C$16.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th.

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.