Enghouse Systems (TSE:ENGH) Releases Quarterly Earnings Results

Enghouse Systems (TSE:ENGH) released its quarterly earnings data on Tuesday. The company reported C$0.30 earnings per share for the quarter, FiscalAI reports. Enghouse Systems had a return on equity of 11.48% and a net margin of 13.99%.The company had revenue of C$114.28 million for the quarter.

Enghouse Systems Trading Down 1.2%

TSE:ENGH traded down C$0.21 during trading hours on Tuesday, hitting C$17.69. 156,902 shares of the company were exchanged, compared to its average volume of 262,692. The stock has a market capitalization of C$964.09 million, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of -4.19 and a beta of 0.01. The company has a current ratio of 1.68, a quick ratio of 1.84 and a debt-to-equity ratio of 1.75. Enghouse Systems has a one year low of C$14.80 and a one year high of C$24.15. The company has a fifty day simple moving average of C$17.16 and a 200 day simple moving average of C$18.22.

Enghouse Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 annualized dividend and a yield of 7.0%. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s dividend payout ratio is 92.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ENGH shares. TD Securities cut their price objective on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Royal Bank Of Canada lowered their target price on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Monday, March 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of C$20.50.

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.