Enerflex Ltd. (NYSE:EFXT) Declares C$0.04 Quarterly Dividend

Enerflex Ltd. (NYSE:EFXT) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.0425 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th.

Enerflex has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enerflex to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.4%.

Enerflex Stock Performance

Shares of EFXT opened at $20.64 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average price is $23.78 and its 200-day moving average price is $22.62. Enerflex has a 52 week low of $8.68 and a 52 week high of $29.15. The stock has a market cap of $2.52 billion, a P/E ratio of 30.81 and a beta of 1.86.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $582.00 million for the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Equities research analysts anticipate that Enerflex will post 1.63 earnings per share for the current fiscal year.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.