Just added a few more this morning. GLTA
TOP PICK
Evertz Technologies Ltd.(ET-T)
21/03/2024
Stockchase Research Editor: Michael O’Reilly
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)
Electrical / Electronic
$15.050
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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. (5iResearch)