Cormark Weighs in on DHX Media Ltd.’s FY2020 Earnings (NASDAQ:DHXM)

DHX Media Ltd. (NASDAQ:DHXM) – Cormark lowered their FY2020 earnings per share estimates for shares of DHX Media in a research report issued on Thursday, November 7th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of ($0.04) for the year, down from their previous estimate of $0.02. Cormark also issued estimates for DHX Media’s FY2021 earnings at $0.02 EPS.

DHX Media (NASDAQ:DHXM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $85.03 million for the quarter, compared to analyst estimates of $77.78 million. DHX Media had a negative net margin of 27.27% and a negative return on equity of 2.09%.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of DHX Media from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Echelon Wealth Partners set a $3.00 price objective on shares of DHX Media and gave the company a “buy” rating in a report on Tuesday, September 10th. BMO Capital Markets set a $2.30 price objective on shares of DHX Media and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, CIBC set a $2.00 price objective on shares of DHX Media and gave the company a “sell” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. DHX Media presently has a consensus rating of “Hold” and an average price target of $2.20.

Shares of DHXM stock opened at $1.43 on Monday. The company’s 50 day moving average is $1.49 and its 200 day moving average is $1.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.65 and a quick ratio of 1.65. DHX Media has a 52-week low of $1.08 and a 52-week high of $2.78.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA purchased a new position in DHX Media in the second quarter worth $9,870,000. Citadel Advisors LLC purchased a new position in DHX Media in the second quarter worth $31,000. D. E. Shaw & Co. Inc. grew its holdings in DHX Media by 8.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 307,100 shares of the company’s stock worth $436,000 after purchasing an additional 23,300 shares during the last quarter. Lido Advisors LLC grew its holdings in DHX Media by 2.5% in the second quarter. Lido Advisors LLC now owns 411,297 shares of the company’s stock worth $600,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Perritt Capital Management Inc. purchased a new position in DHX Media in the second quarter worth $467,000. 39.70% of the stock is currently owned by institutional investors and hedge funds.

About DHX Media

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

Read More: Most Volatile Stocks

Receive News & Ratings for DHX Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHX Media and related companies with MarketBeat.com's FREE daily email newsletter.