Enghouse Systems (TSE:ENGH) Releases Quarterly Earnings Results

Enghouse Systems (TSE:ENGH) announced its quarterly earnings results on Thursday. The company reported C$0.28 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 business had revenue of C$117.58 million during the quarter.

Enghouse Systems Stock Performance

ENGH traded up C$0.14 during trading on Thursday, hitting C$15.64. 393,452 shares of the company traded hands, compared to its average volume of 231,084. The firm has a market cap of C$850.36 million, a P/E ratio of 11.85, a price-to-earnings-growth ratio of -4.19 and a beta of 0.19. The stock’s fifty day moving average is C$16.76 and its 200 day moving average is C$16.84. The company has a quick ratio of 1.84, a current ratio of 1.77 and a debt-to-equity ratio of 1.51. Enghouse Systems has a one year low of C$14.80 and a one year high of C$21.83.

Enghouse Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Friday, August 14th. Enghouse Systems’s payout ratio is 90.91%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ENGH. Canadian Imperial Bank of Commerce dropped their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada reduced their target price on shares of Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, June 11th. Finally, TD set a C$16.00 target price on shares of Enghouse Systems and gave the company a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$17.60.

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.