Royal Bank Of Canada Cuts Enghouse Systems (TSE:ENGH) Price Target to C$20.00

Enghouse Systems (TSE:ENGH) had its price objective cut by Royal Bank Of Canada from C$22.00 to C$20.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, UBS Group reduced their price objective on Enghouse Systems from C$22.00 to C$20.00 in a research note on Monday, December 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of C$20.50.

Enghouse Systems Stock Down 0.4%

TSE ENGH opened at C$15.64 on Monday. The business has a fifty day moving average price of C$18.04 and a two-hundred day moving average price of C$19.76. The stock has a market capitalization of C$854.76 million, a PE ratio of 12.41, a PEG ratio of -4.19 and a beta of -0.09. Enghouse Systems has a fifty-two week low of C$14.80 and a fifty-two week high of C$27.70. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.68 and a quick ratio of 1.84.

Enghouse Systems (TSE:ENGH) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. Enghouse Systems had a return on equity of 11.48% and a net margin of 13.99%.The company had revenue of C$120.10 million for the quarter. Equities analysts expect that Enghouse Systems will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 27th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, February 13th. Enghouse Systems’s payout ratio is presently 92.06%.

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.