DHX Media (NASDAQ:DHXM) Releases Earnings Results, Beats Expectations By $0.01 EPS

DHX Media (NASDAQ:DHXM) posted its quarterly earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01, reports. The business had revenue of $85.03 million during the quarter, compared to the consensus estimate of $77.78 million. DHX Media had a negative return on equity of 1.41% and a negative net margin of 24.75%.

DHXM stock traded down $0.02 during midday trading on Friday, reaching $1.40. The company had a trading volume of 55,600 shares, compared to its average volume of 103,218. DHX Media has a 1-year low of $1.08 and a 1-year high of $2.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a 50 day moving average price of $1.49 and a 200-day moving average price of $1.41. The company has a market capitalization of $188.91 million, a price-to-earnings ratio of 70.00 and a beta of 0.97.

A number of research analysts recently commented on DHXM shares. Echelon Wealth Partners set a $3.00 price target on DHX Media and gave the company a “buy” rating in a research note on Tuesday, September 10th. Zacks Investment Research downgraded DHX Media from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets set a $2.30 price target on DHX Media and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, CIBC set a $2.00 price target on DHX Media and gave the company a “sell” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Primecap Management Co. CA acquired a new position in DHX Media in the second quarter valued at approximately $9,870,000. Citadel Advisors LLC acquired a new position in DHX Media in the second quarter valued at approximately $31,000. D. E. Shaw & Co. Inc. lifted its stake 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 valued at $436,000 after buying an additional 23,300 shares during the period. Lido Advisors LLC lifted its stake in DHX Media by 2.5% in the second quarter. Lido Advisors LLC now owns 411,297 shares of the company’s stock valued at $600,000 after buying an additional 10,000 shares during the period. Finally, Perritt Capital Management Inc. acquired a new position in DHX Media in the second quarter valued at approximately $467,000. 39.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History for DHX Media (NASDAQ:DHXM)

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