Quarterhill (NASDAQ:QTRH) issued its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The company had revenue of $19.58 million during the quarter. Quarterhill had a negative net margin of 4.30% and a positive return on equity of 16.50%.
NASDAQ:QTRH traded down $0.05 on Friday, hitting $1.21. The company had a trading volume of 200,553 shares, compared to its average volume of 31,847. The company has a market cap of $148.52 million, a price-to-earnings ratio of 2.33 and a beta of 1.17. Quarterhill has a 52 week low of $1.01 and a 52 week high of $2.06.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Friday, December 14th will be paid a $0.01 dividend. This is an increase from Quarterhill’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 annualized dividend and a yield of 3.31%. Quarterhill’s dividend payout ratio is presently 7.69%.
Several equities analysts recently commented on the stock. Canaccord Genuity raised shares of Quarterhill from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. ValuEngine downgraded shares of Quarterhill from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.
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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