Shares of Quarterhill Inc (NASDAQ:QTRH) have earned an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Quarterhill’s rating score has declined by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price objective of $1.64 for the company and are forecasting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Quarterhill an industry rank of 143 out of 255 based on the ratings given to related companies.
Get Quarterhill alerts:QTRH has been the topic of several recent analyst reports. Canaccord Genuity downgraded Quarterhill to a “buy” rating in a research report on Friday, March 2nd. ValuEngine downgraded Quarterhill from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research raised Quarterhill from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd.
NASDAQ QTRH traded down $0.03 during trading on Friday, hitting $1.13. The company’s stock had a trading volume of 346,972 shares, compared to its average volume of 114,463. The company has a market cap of $137.80 million, a P/E ratio of 2.17 and a beta of 0.63. Quarterhill has a 52 week low of $1.12 and a 52 week high of $2.12.
Quarterhill (NASDAQ:QTRH) last issued its quarterly earnings results on Thursday, May 10th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $12.01 million during the quarter, compared to the consensus estimate of $24.61 million. Quarterhill had a return on equity of 21.36% and a net margin of 3.89%. sell-side analysts expect that Quarterhill will post -0.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Friday, June 15th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, June 14th. Quarterhill’s dividend payout ratio is currently 7.69%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ramsey Quantitative Systems bought a new position in Quarterhill in the 4th quarter worth approximately $119,000. Two Sigma Advisers LP bought a new stake in shares of Quarterhill during the fourth quarter valued at approximately $106,000. PenderFund Capital Management Ltd. bought a new stake in shares of Quarterhill during the first quarter valued at approximately $1,901,000. Two Sigma Investments LP bought a new stake in shares of Quarterhill during the fourth quarter valued at approximately $603,000. Finally, Spark Investment Management LLC bought a new stake in shares of Quarterhill during the first quarter valued at approximately $374,000. 14.89% of the stock is currently owned by institutional investors.
Quarterhill Company Profile
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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