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

Shares of Dye & Durham Limited (TSE:DND) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$24.71.

A number of brokerages have issued reports on DND. BMO Capital Markets upped their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group reduced 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. Canaccord Genuity Group raised their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, CIBC boosted their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Dye & Durham Price Performance

Shares of DND traded down C$0.76 during midday trading on Wednesday, hitting C$19.15. The company’s stock had a trading volume of 207,376 shares, compared to its average volume of 153,414. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of -6.54 and a beta of 2.09. The company’s fifty day simple moving average is C$18.54 and its two-hundred day simple moving average is C$15.13.

Dye & Durham (TSE:DND) last issued its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The business had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. As a group, equities analysts expect that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s dividend payout ratio (DPR) is presently -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.