Evertz Technologies Limited (TSE:ET) Declares Quarterly Dividend of $0.20

Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Tuesday, September 17th will be given a dividend of 0.195 per share on Wednesday, September 25th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Tuesday, September 17th.

Evertz Technologies Stock Performance

TSE:ET opened at C$11.75 on Friday. The firm has a market capitalization of C$894.88 million, a PE ratio of 12.91, a PEG ratio of 0.79 and a beta of 0.88. The company has a current ratio of 2.01, a quick ratio of 0.68 and a debt-to-equity ratio of 8.71. Evertz Technologies has a 1 year low of C$11.66 and a 1 year high of C$15.45. The firm’s fifty day simple moving average is C$12.99 and its 200 day simple moving average is C$13.80.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, June 19th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.04). The business had revenue of C$122.77 million during the quarter. Evertz Technologies had a net margin of 13.64% and a return on equity of 27.70%. On average, sell-side analysts anticipate that Evertz Technologies will post 0.9602837 EPS for the current year.

Insider Activity

In other Evertz Technologies news, insider Evertz Technologies Limited sold 2,529 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$13.39, for a total value of C$33,865.33. 64.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their target price on Evertz Technologies from C$17.00 to C$15.00 in a research note on Thursday.

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.