Enghouse Systems (TSE:ENGH) Releases Earnings Results

Enghouse Systems (TSE:ENGH) issued its earnings results on Tuesday. The company reported C$0.30 earnings per share (EPS) for the quarter, FiscalAI reports. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%.The company had revenue of C$114.28 million for the quarter.

Enghouse Systems Trading Down 9.1%

Shares of Enghouse Systems stock opened at C$16.08 on Thursday. Enghouse Systems has a 1 year low of C$14.80 and a 1 year high of C$24.15. The firm has a market cap of C$876.34 million, a PE ratio of 12.76, a P/E/G ratio of -4.19 and a beta of 0.01. The stock has a fifty day moving average price of C$17.19 and a 200-day moving average price of C$18.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84.

Enghouse Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 7.7%. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s payout ratio is 92.06%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENGH shares. Royal Bank Of Canada dropped their price objective on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday, March 16th. TD Securities dropped their price objective on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of C$20.50.

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.