Key Points
- Director Rakesh Thakor Patel sold 22,200 shares on April 16 at an average price of C$16.70 for proceeds of C$370,740, reducing his stake by 5.28% to 398,350 shares.
- Evertz pays a quarterly dividend of $0.205 per share (annualized $0.82) for a yield of 4.9%, but the payout ratio is very high at about 99.4%, leaving little margin for dividend growth.
- In the most recent quarter Evertz reported EPS of C$0.24 on C$139.33M revenue with a 12.08% net margin, and analysts hold a consensus "Moderate Buy" with a C$16.00 target.
Evertz Technologies Limited (TSE:ET - Get Free Report) Director Rakesh Thakor Patel sold 22,200 shares of the company's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of C$16.70, for a total value of C$370,740.00. Following the completion of the transaction, the director owned 398,350 shares of the company's stock, valued at C$6,652,445. The trade was a 5.28% decrease in their ownership of the stock.
Evertz Technologies Stock Up 0.5%
ET opened at C$16.74 on Friday. The company has a market capitalization of C$1.26 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.79 and a beta of 0.68. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68. The firm's fifty day moving average price is C$15.98 and its two-hundred day moving average price is C$14.24. Evertz Technologies Limited has a fifty-two week low of C$10.34 and a fifty-two week high of C$16.98.
Evertz Technologies (TSE:ET - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.24 earnings per share (EPS) for the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. The company had revenue of C$139.33 million during the quarter. On average, analysts anticipate that Evertz Technologies Limited will post 0.8010974 EPS for the current year.
Evertz Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. Evertz Technologies's payout ratio is presently 99.38%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 3rd. Raymond James Financial boosted their price target on Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Evertz Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of C$16.00.
Check Out Our Latest Stock Report on Evertz Technologies
About Evertz Technologies
(
Get Free Report)
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.
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