Enghouse Systems (TSE:ENGH) Hits New 12-Month Low – Here’s Why

Shares of Enghouse Systems Limited (TSE:ENGH) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$17.36 and last traded at C$17.46, with a volume of 252820 shares trading hands. The stock had previously closed at C$17.84.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of Enghouse Systems from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 17th. UBS Group dropped their target price on shares of Enghouse Systems from C$22.00 to C$20.00 in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Enghouse Systems presently has a consensus rating of “Reduce” and an average price target of C$22.33.

Enghouse Systems Stock Performance

The stock has a market capitalization of C$943.29 million, a PE ratio of 12.88, a P/E/G ratio of -4.19 and a beta of -0.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. The firm has a 50 day moving average of C$19.50 and a 200-day moving average of C$20.64.

Enghouse Systems (TSE:ENGH) last released its quarterly earnings results on Monday, December 15th. The company reported C$0.39 EPS for the quarter. Enghouse Systems had a net margin of 16.18% and a return on equity of 14.08%. The company had revenue of C$124.48 million for the quarter. Research analysts forecast that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 27th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 13th. This represents a $1.20 annualized dividend and a yield of 7.0%. Enghouse Systems’s dividend payout ratio is presently 83.58%.

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.