Dye & Durham Limited (TSE:DND) Receives Consensus Recommendation of “Buy” from Analysts

Dye & Durham Limited (TSE:DND) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is C$24.71.

Several analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. CIBC lifted their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group boosted their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Finally, Canaccord Genuity Group lowered their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday.

Dye & Durham Stock Down 3.8 %

Shares of DND traded down C$0.76 during trading hours on Wednesday, hitting C$19.15. The stock had a trading volume of 207,376 shares, compared to its average volume of 153,414. Dye & Durham has a 1-year low of C$10.92 and a 1-year high of C$22.59. The firm has a market capitalization of C$1.28 billion, a P/E ratio of -6.54 and a beta of 2.09. The firm has a 50 day simple moving average of C$18.54 and a 200-day simple moving average of C$15.13. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Sell-side analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s payout ratio is currently -2.73%.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.