
TSE:ET
This summary was created by AI, based on 3 opinions in the last 12 months.
Evertz Technologies Ltd. (ET-T) is considered a strong player in the audio/video infrastructure market, balancing a diverse portfolio of both hardware and software solutions. The company boasts stable financials, with $500 million in sales and no debt, which enhances its attractiveness to income-focused investors through a 5% dividend yield. However, it is essential to note that the stock's liquidity is affected by management's significant ownership of approximately two-thirds of the float. Despite the slow growth characterized by relatively 'chunky' revenues, analysts see potential upside in the market, especially with its defense segment showing growth. Overall, Evertz presents a reliable option for those seeking income through dividends rather than rapid capital appreciation.
(A Top Pick Feb 27/19, Up 8%) A go-to name. They had many good earnings beats. They started to build a stake in a Belgium company, but they sold it and took a profit. ET paid a special dividend, but afterwards the stock dipped. There's still earnings growth here. They're taking market share aware. ET will benefit from Disney and others entering streaming, because ET sets up the equipment to use cloud computing.
EPS of 20c missed estimates of 22.5c. Sales of $125.8M beat estimates of $120.5M. Sales and earnings rose nicely. Cash is now $27M. It was a decent quarter, but there has been no long-term growth here. Even with a bounce this year, EPS will be slightly lower than it was in 2016. The stock is cheap because of this, but mostly only trades for its dividend. Investors need to see some consistent growth. The quarter was a good start but does not yet make a trend.
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