Evertz Technologies (TSE:ET) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Evertz Technologies (TSE:ET) announced its earnings results on Tuesday. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.13 by C$0.08, reports. The company had revenue of C$92.17 million for the quarter, compared to the consensus estimate of C$94.57 million.

ET stock opened at C$12.04 on Friday. The company has a market capitalization of $859.47 million and a P/E ratio of 12.95. The company has a debt-to-equity ratio of 10.43, a quick ratio of 1.41 and a current ratio of 3.00. Evertz Technologies has a 52-week low of C$9.69 and a 52-week high of C$19.27. The business has a 50-day simple moving average of C$14.00 and a two-hundred day simple moving average of C$15.47.

A number of analysts have weighed in on ET shares. Royal Bank of Canada decreased their price target on Evertz Technologies from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Thursday. Canaccord Genuity decreased their price target on Evertz Technologies from C$18.00 to C$15.00 in a report on Wednesday, June 24th. Raymond James set a C$15.00 price target on Evertz Technologies and gave the stock an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets set a C$17.00 price target on Evertz Technologies in a report on Thursday, March 12th.

Evertz Technologies Company Profile

Evertz Technologies Limited designs, manufactures, and distributes 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, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

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Earnings History for Evertz Technologies (TSE:ET)

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