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

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Wednesday, June 19th, Zacks reports. Investors 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 Trading Down 3.0 %

Evertz Technologies stock opened at C$12.40 on Friday. The firm has a 50 day moving average of C$14.17 and a 200 day moving average of C$14.30. The firm has a market capitalization 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 has a 12-month low of C$11.93 and a 12-month high of C$15.45. The company has a current ratio of 2.05, a quick ratio of 0.68 and a debt-to-equity ratio of 8.63.

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

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their price objective 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.