Quarterhill (QTRH) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Quarterhill (NASDAQ:QTRH) announced its quarterly earnings data on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06, reports. Quarterhill had a negative net margin of 35.21% and a negative return on equity of 10.72%. The company had revenue of $39.84 million during the quarter.

Shares of NASDAQ QTRH remained flat at $$1.07 during trading on Friday. 36,772 shares of the stock traded hands, compared to its average volume of 44,292. Quarterhill has a one year low of $0.86 and a one year high of $1.55. The stock has a market cap of $127.13 million, a PE ratio of -4.46 and a beta of 0.86.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.0093 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.04 annualized dividend and a dividend yield of 3.48%. Quarterhill’s dividend payout ratio is presently -16.67%.

Separately, Zacks Investment Research raised shares of Quarterhill from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research note on Wednesday, March 6th.

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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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