Evertz Technologies Limited Expected to Post FY2023 Earnings of $0.76 Per Share (TSE:ET)

Evertz Technologies Limited (TSE:ET – Get Rating) – Raymond James lowered their FY2023 earnings per share (EPS) estimates for shares of Evertz Technologies in a research report issued on Friday, March 3rd. Raymond James analyst S. Li now anticipates that the company will post earnings per share of $0.76 for the year, down from their previous forecast of $0.84. Raymond James has a “Outperform” rating and a $15.50 price target on the stock. The consensus estimate for Evertz Technologies’ current full-year earnings is $0.86 per share. Raymond James also issued estimates for Evertz Technologies’ Q4 2023 earnings at $0.18 EPS and FY2024 earnings at $0.88 EPS.

Evertz Technologies (TSE:ET – Get Rating) last released its quarterly earnings data on Tuesday, December 6th. The company reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.21 by C$0.05. The firm had revenue of C$113.25 million during the quarter. Evertz Technologies had a return on equity of 27.73% and a net margin of 14.62%.

ET has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on Evertz Technologies from C$16.00 to C$15.00 in a report on Friday. Canaccord Genuity Group lowered their target price on Evertz Technologies from C$16.50 to C$15.00 in a report on Friday.

Evertz Technologies Price Performance

Shares of TSE:ET opened at C$11.79 on Monday. The business’s fifty day moving average price is C$12.65 and its two-hundred day moving average price is C$12.69. The stock has a market cap of C$898.40 million, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.79 and a beta of 0.73. The company has a debt-to-equity ratio of 13.77, a quick ratio of 0.68 and a current ratio of 1.92. Evertz Technologies has a one year low of C$10.99 and a one year high of C$16.54.

Evertz Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 16th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Wednesday, March 15th. Evertz Technologies’s dividend payout ratio (DPR) is 78.35%.

Evertz Technologies Company Profile

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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 encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, accessories, and network management systems.