This summary was created by AI, based on 10 opinions in the last 12 months.
Evertz Technologies Ltd. (ET-T) has garnered positive reviews from experts, highlighting its strong fundamentals, including a solid dividend yield ranging from 5.2% to 6.6% and a growing cash reserve bolstered by recent earnings growth. The company is recognized as a leader in the broadcasting and media technology sector, capable of delivering both hardware and software solutions, with a unique position that allows it to maintain a competitive edge. Recent reports indicate a significant rise in revenue and net income, with analysts noting an order backlog suggesting sustained demand. Despite the stock's volatility attributed to its transition to a SaaS business model, the management's commitment to shareholder value through share buybacks and special dividends has been a consistent theme, along with expectations for future price appreciation.
Last time, he recommended this as a Top Pick. Niche business, but volatile. No debt. Management owns 60% of shares. When cash builds up, they tend to pay $1 extra in dividends. Cash build is approaching that, so if it can't make an acquisition at a good price, you'll probably get that extra dividend in the next 12-19 months.
The stock is down because of it moving its business model to SaaS. This basically means that instead of making a big sale up front, the income switches to monthly payments. It generates cash, has no debt and pays a dividend. There are two main owners, each one owning 37 to 38% of the company so there are no bad calls. It has traded at $12 to$17 over the years. Buy 3 Hold 0 Sell 0
(Analysts’ price target is $17.17)EPS of 24c beat estimates of 22c. Revenue of $135M beat estimates by ~8%. EBITDA of $30M beat by 7%. Revenue rose 22%, with international up 38%. The quarter was a record. Net earnings rose 48%. Net cash is $40M. With nice growth and only at 14X earnings, a valuation bump is possible, moreso if rates fall. It was certainly a strong quarter. We might set an $18 target here.
Unlock Premium - Try 5i Free
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.
Unlock Premium - Try 5i Free
Evertz Technologies Ltd. is a Canadian stock, trading under the symbol ET-T on the Toronto Stock Exchange (ET-CT). It is usually referred to as TSX:ET or ET-T
In the last year, 4 stock analysts published opinions about ET-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Evertz Technologies Ltd..
Evertz Technologies Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Evertz Technologies Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Evertz Technologies Ltd. In the last year. It is a trending stock that is worth watching.
On 2025-02-04, Evertz Technologies Ltd. (ET-T) stock closed at a price of $12.7.
A 3% position for him because of the nice dividend, sometimes a special dividend. No debt, cash is accumulating, might be considering acquisitions. Will continue to be a leader in more complicated broadcasting. Sales are lumpy. Yield is 6.4%.