Evertz Technologies (TSE:ET) Reaches New 12-Month High – Time to Buy?

Shares of Evertz Technologies Limited (TSE:ET) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$15.14 and last traded at C$14.99, with a volume of 35700 shares. The stock had previously closed at C$14.84.

Analysts Set New Price Targets

ET has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Royal Bank Of Canada lifted their price objective on Evertz Technologies from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Evertz Technologies currently has a consensus rating of “Moderate Buy” and an average target price of C$14.00.

Evertz Technologies Trading Up 0.6%

The company’s 50 day simple moving average is C$13.98 and its 200 day simple moving average is C$12.94. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 0.79 and a beta of 0.74.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%.The firm had revenue of C$112.15 million during the quarter. As a group, research analysts expect that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, December 18th. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. Evertz Technologies’s dividend payout ratio (DPR) is 95.24%.

Evertz Technologies Company Profile

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm’s revenue is generated in the United States.