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

Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Monday, July 6th, TickerTech Dividends reports. Shareholders of record on Monday, July 13th will be paid a dividend of 0.205 per share on Monday, July 13th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, July 6th.

Evertz Technologies Trading Down 2.2%

Shares of ET opened at C$18.50 on Friday. Evertz Technologies has a fifty-two week low of C$11.92 and a fifty-two week high of C$21.50. The company has a market capitalization of C$1.40 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The stock has a fifty day moving average of C$16.54 and a two-hundred day moving average of C$15.65. The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.68 and a current ratio of 1.63.

Evertz Technologies (TSE:ET) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C$0.20 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%.The business had revenue of C$131.57 million for the quarter. As a group, analysts forecast that Evertz Technologies will post 0.8010974 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on Evertz Technologies from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Evertz Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

About Evertz Technologies

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.