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

Quarterhill (OTCMKTS:QTRHF) announced its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02, MarketWatch Earnings reports. Quarterhill had a negative return on equity of 0.51% and a net margin of 7.18%. The firm had revenue of $26.02 million for the quarter.

Shares of OTCMKTS:QTRHF remained flat at $$1.41 during trading on Friday. 224 shares of the stock were exchanged, compared to its average volume of 38,847. The firm’s 50 day moving average is $1.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.62 and a current ratio of 3.84. Quarterhill has a twelve month low of $0.30 and a twelve month high of $1.59. The firm has a market cap of $170.56 million, a price-to-earnings ratio of 15.66 and a beta of 0.71.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, June 12th will be issued a $0.009 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 2.55%.

QTRHF has been the topic of a number of research reports. ValuEngine downgraded shares of Quarterhill from a “buy” rating to a “hold” rating in a research report on Wednesday, April 1st. M Partners reissued a “buy” rating and set a $3.00 price objective on shares of Quarterhill in a report on Wednesday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $2.40 price objective on shares of Quarterhill in a research note on Friday.

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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