Quarterhill (QTRH) Posts Earnings Results, Misses Estimates By $0.07 EPS

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Quarterhill (NASDAQ:QTRH) released its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. Quarterhill had a positive return on equity of 16.50% and a negative net margin of 4.30%. The company had revenue of $19.58 million during the quarter.

Shares of NASDAQ QTRH traded down $0.05 during trading on Friday, reaching $1.21. The company had a trading volume of 200,553 shares, compared to its average volume of 31,847. Quarterhill has a twelve month low of $1.01 and a twelve month high of $2.06. The stock has a market cap of $148.52 million, a price-to-earnings ratio of 2.33 and a beta of 1.17.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Friday, December 14th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Quarterhill’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, December 13th. Quarterhill’s payout ratio is 7.69%.

A number of equities analysts have recently weighed in on QTRH shares. Canaccord Genuity raised Quarterhill from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. ValuEngine raised Quarterhill from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Quarterhill by 6.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,253,395 shares of the company’s stock valued at $6,941,000 after purchasing an additional 359,925 shares during the last quarter. Renaissance Technologies LLC increased its stake in Quarterhill by 14.7% in the second quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock valued at $1,927,000 after purchasing an additional 222,831 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Quarterhill by 67.6% in the second quarter. Acadian Asset Management LLC now owns 732,537 shares of the company’s stock valued at $814,000 after purchasing an additional 295,400 shares during the last quarter. 11.83% of the stock is owned by institutional investors.

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About Quarterhill

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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Earnings History for Quarterhill (NASDAQ:QTRH)

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