Topic: How To Invest

Q: Hi Pat: May I have your opinion on Evertz Technologies (ET)? Thanks.

Article Excerpt

A: Evertz Technologies Ltd., $16.72, symbol ET on Toronto (Shares outstanding: 75.6 million; Market cap: $1.3 billion; www.evertz.com), makes video and audio systems for telecommunications and other media industries. The company sells its hardware and software to content creators, broadcasters, specialty channels and TV service providers. Customers use them to support complex digital and high definition television (HDTV) networks as well as high-bandwidth Internet services. Customers have used Evertz’s hardware at events such as the Sochi Olympics in Russia, the FIFA World Cup, the Commonwealth Games and the U.S. midterm elections. The company’s products aim to improve the efficiency of its clients signal routing, distribution, monitoring and content management. They also help businesses automate manual processes, which reduces their costs. Evertz’s revenue rose 30.0%, from $293.4 million in 2012 to $381.6 million in 2016 (fiscal years end April 30). The company’s earnings rose from $0.81 a share (or a total of $60.0 million) in 2012 to $0.88 (or $65.2 million) in 2013. Earnings fell…