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

Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Wednesday, June 19th, Zacks reports. Shareholders of record on Tuesday, July 2nd will be given a dividend of 0.195 per share on Wednesday, July 10th. This represents a $0.78 annualized dividend and a yield of 6.29%. The ex-dividend date is Tuesday, July 2nd.

Evertz Technologies Stock Performance

Shares of TSE ET opened at C$12.40 on Monday. The business’s 50-day simple moving average is C$14.17 and its 200-day simple moving average is C$14.29. The company has a debt-to-equity ratio of 8.63, a quick ratio of 0.68 and a current ratio of 2.05. Evertz Technologies has a 52 week low of C$11.93 and a 52 week high of C$15.45. The firm has a market cap of C$943.14 million, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.79 and a beta of 0.83.

Evertz Technologies (TSE:ET) last announced its quarterly earnings results on Wednesday, June 19th. The company reported C$0.18 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.04). Evertz Technologies had a net margin of 14.37% and a return on equity of 30.20%. The company had revenue of C$122.77 million for the quarter. As a group, equities research analysts expect that Evertz Technologies will post 1.0949555 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on shares of Evertz Technologies from C$16.00 to C$17.00 in a report on Friday, March 15th.

Evertz Technologies Company Profile

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.