Quarterhill (OTCMKTS:QTRHF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Quarterhill (OTCMKTS:QTRHF) issued its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02, MarketWatch Earnings reports. Quarterhill had a negative return on equity of 0.21% and a net margin of 4.05%. The business had revenue of $26.02 million for the quarter.

QTRHF opened at $1.43 on Friday. The company has a current ratio of 3.84, a quick ratio of 3.62 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $1.23. Quarterhill has a 12-month low of $0.30 and a 12-month high of $1.59.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be paid a dividend of $0.009 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.04 annualized dividend and a yield of 2.52%.

A number of equities research analysts have issued reports on QTRHF shares. Canaccord Genuity reaffirmed a “buy” rating and set a $2.40 target price on shares of Quarterhill in a research report on Friday. M Partners reaffirmed a “buy” rating and set a $3.00 price objective on shares of Quarterhill in a report on Wednesday. Finally, ValuEngine lowered shares of Quarterhill from a “buy” rating to a “hold” rating in a research note on Wednesday, April 1st.

About Quarterhill

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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Earnings History for Quarterhill (OTCMKTS:QTRHF)

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