01:57 PM EDT, 06/20/2024 (MT Newswires) -- BMO remains Outperform on Evertz Technologies ( EVTZF ) but has trimmed estimates following second quarter results which were light on both revenue and EPS, while May shipments suggest that Q1/25 is also shaping up to be lighter than expected.

Analyst Thanos Moschopoulos thinks this may have more to do with project timing and the quarterly volatility inherent in the business, relative to macro weakness.

"We view the stock's valuation as attractive relative to Evertz's ( EVTZF ) competitive position, dividend yield and history of special dividends."

Evertz ( EVTZF ) is rated Outperform, with a $17 target.

Price: 13.45, Change: -1.89, Percent Change: -12.32