05:36:46 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Evertz Technologies Ltd
Symbol ET
Shares Issued 74,459,346
Close 2015-04-24 C$ 16.66
Market Cap C$ 1,240,492,704
Recent Sedar Documents

Inv Reporter refreshes Evertz Technologies buy

2015-04-24 21:23 ET - In the News

The Investment Reporter, in its April 17, 2015, issue, refreshes its buy of Evertz Technologies Ltd., recently $16.94. The Reporter said buy five times from July 17, 2009, to Nov. 25, 2014, at prices ranging from $12.90 to $17. Assuming an investment of $1,000 for each of the five buys, the $5,000 position would now be worth $5,437. Evertz designs, produces and sells video and audio services for the television, telecommunication and new media industries. In the year ending April 30, 2015, the company is expected to earn 90 cents a share. Next year, it is expected to earn $1.01 a share, giving a reasonable forward price-to-earnings ratio of 16.8 for fiscal 2016. Evertz pays a high annual dividend of 72 cents a share, which is an attractive yield of 4.25 per cent. With rising earnings, the newsletter believes the dividend is sustainable. The stock remains a buy for long-term share price gains and attractive dividends.

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