Enghouse Systems (TSE:ENGH) Hits New 52-Week Low – What’s Next?

Enghouse Systems Limited (TSE:ENGH) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$16.87 and last traded at C$17.03, with a volume of 499035 shares changing hands. The stock had previously closed at C$17.26.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ENGH. UBS Group dropped their price objective on shares of Enghouse Systems from C$22.00 to C$20.00 in a research note on Monday, December 8th. Royal Bank Of Canada lowered their target price on shares of Enghouse Systems from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Enghouse Systems currently has a consensus rating of “Reduce” and a consensus price target of C$22.33.

Enghouse Systems Stock Performance

The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of C$935.64 million, a price-to-earnings ratio of 12.78, a P/E/G ratio of -4.19 and a beta of -0.25. The business has a 50-day moving average price of C$19.20 and a 200-day moving average price of C$20.43.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings data on Monday, December 15th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$124.48 million during the quarter. Enghouse Systems had a net margin of 16.18% and a return on equity of 14.08%. As a group, sell-side analysts forecast that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, February 13th. Enghouse Systems’s payout ratio is presently 83.58%.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.