Enghouse Systems (TSE:ENGH) Given New C$17.00 Price Target at TD Securities

Enghouse Systems (TSE:ENGH) had its target price decreased by TD Securities from C$22.00 to C$17.00 in a research report report published on Monday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

ENGH has been the subject of a number of other reports. UBS Group lowered their price objective on Enghouse Systems from C$22.00 to C$20.00 in a research note on Monday, December 8th. Royal Bank Of Canada cut their target price on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of C$20.50.

Enghouse Systems Stock Performance

Shares of ENGH stock opened at C$15.34 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.68 and a debt-to-equity ratio of 1.75. The business has a 50 day moving average of C$18.23 and a two-hundred day moving average of C$19.84. Enghouse Systems has a 52 week low of C$14.80 and a 52 week high of C$27.70. The company has a market cap of C$838.36 million, a P/E ratio of 11.45, a PEG ratio of -4.19 and a beta of -0.09.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$120.10 million for the quarter. Enghouse Systems had a return on equity of 11.48% and a net margin of 13.99%. As a group, analysts anticipate that Enghouse Systems will post 1.6991295 EPS for the current year.

Enghouse Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, February 13th. Enghouse Systems’s payout ratio is 83.58%.

About Enghouse Systems

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.