TD Securities Cuts Enghouse Systems (TSE:ENGH) Price Target to C$17.00

Enghouse Systems (TSE:ENGH) had its price target reduced by TD Securities from C$22.00 to C$17.00 in a research report released on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages also recently commented on ENGH. UBS Group reduced their target price on Enghouse Systems from C$22.00 to C$20.00 in a research note on Monday, December 8th. Royal Bank Of Canada dropped their price target on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Enghouse Systems presently has an average rating of “Reduce” and a consensus price target of C$20.50.

Enghouse Systems Stock Down 0.4%

Shares of TSE ENGH opened at C$15.64 on Monday. The firm has a market cap of C$854.76 million, a PE ratio of 12.41, a P/E/G ratio of -4.19 and a beta of -0.09. Enghouse Systems has a 12-month low of C$14.80 and a 12-month high of C$27.70. The company’s fifty day simple moving average is C$18.04 and its 200 day simple moving average is C$19.76. The company has a quick ratio of 1.84, a current ratio of 1.68 and a debt-to-equity ratio of 1.75.

Enghouse Systems (TSE:ENGH) last posted its quarterly earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share for the quarter. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. The firm had revenue of C$120.10 million during the quarter. As a group, sell-side analysts forecast that Enghouse Systems will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 27th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, February 13th. This represents a $1.20 annualized dividend and a yield of 7.7%. Enghouse Systems’s dividend payout ratio is presently 92.06%.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.