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Evertz Technologies Ltd. (ET-T)
TSE:ET
12.31
0.40
(3.36%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).AI lifts Nasdaq past 17,000This summary was created by AI, based on 8 opinions in the last 12 months.
Evertz Technologies Ltd. (ET-T) is a Canadian-based provider of software and hardware for the video production industry. The company has reported growing cash reserves, retired debt, share buybacks, and a robust dividend being maintained. Their order backlog is increasing, margins are expanding, and software revenues are up over 25%. Despite volatility and a shift in business model to SaaS, the company has no debt, generates cash, and pays a dividend. Analysts have set a price target for the stock around $15.42 - $18.00, offering an upside potential of 18% - 25%. Overall, the company is seen as a niche business with potential for extra dividends and is viewed favorably by analysts for its strong financial performance and growth prospects.
$11.870
Unknown
We reiterate this developer of HD and Ultra HD broadcast and film industry production software and hardware based in Burlington as a TOP PICK. It trades at 15x earnings and supports a 25% ROE. Recently reported revenues were up over 20% from a year ago with higher margins. We like that cash reserves are growing, while debt is retired and the high dividend yield is maintained. We continue to recommend a stop at $10, looking to achieve $15 -- upside potential of 25%. Yield 6.6%
(Analysts’ price target is $15.42)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)ET is a leader in software designed for video creation. It recently reported a 10% increase in net income over the year. Their order backlog of $295 million is equal to just under 10 months of shipments. It trades at 14x earnings and supports a 27% ROE. We recommend setting a stop-loss at $10, looking to achieve $17 -- upside potential of 26%. Yield 6.3%
(Analysts’ price target is $17.17)Following recently reported earnings growth per share of 50% on rising revenue and gross margins, we select ET as a TOP PICK. We like that cash reserves are growing, while debt is retired and shares bought back. The designer of audio and video infrastructure for media trades at 15x earnings and supports a 30% ROE. It has a growing dividend, backed by a payout ratio under 80% of cash flow. We recommend setting a stop-loss at $13.75, looking to achieve $18 — upside potential of 18%. Yield 5.2%
(Analysts’ price target is $18.00)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.
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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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(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.
Evertz Technologies Ltd.(ET-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Evertz Technologies Ltd.(ET-T) Frequently Asked Questions
What is Evertz Technologies Ltd. stock symbol?
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
Is Evertz Technologies Ltd. a buy or a sell?
In the last year, 3 stock analysts published opinions about ET-T. 3 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..
Is Evertz Technologies Ltd. a good investment or a top pick?
Evertz Technologies Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Evertz Technologies Ltd..
Why is Evertz Technologies Ltd. stock dropping?
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.
Is Evertz Technologies Ltd. worth watching?
3 stock analysts on Stockchase covered Evertz Technologies Ltd. In the last year. It is a trending stock that is worth watching.
What is Evertz Technologies Ltd. stock price?
On 2024-12-20, Evertz Technologies Ltd. (ET-T) stock closed at a price of $12.31.
We reiterate this Canadian based provider of software and hardware for the video production industry as a TOP PICK. The company recently reported cash reserves are growing, while debt is retired, shares bought back, and the robust dividend is maintained. Their order backlog is growing, margins are expanding and software revenues are up over 25%. We continue to recommend a stop at $10.00, looking to achieve $15.50 -- upside potential over 25%. Yield 6.5%
(Analysts’ price target is $15.42)