Q3 2017 EPS Estimates for Wi-LAN Inc (QTRH) Raised by Analyst
Wi-LAN Inc (NASDAQ:QTRH) – Equities research analysts at Cormark increased their Q3 2017 EPS estimates for Wi-LAN in a research note issued to investors on Tuesday. Cormark analyst R. Peters now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.06. Cormark also issued estimates for Wi-LAN’s Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at $0.23 EPS.
Separately, ValuEngine upgraded Wi-LAN from a “sell” rating to a “hold” rating in a research note on Monday.
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Wi-LAN (NASDAQ:QTRH) opened at 1.62 on Thursday. Wi-LAN has a 52-week low of $1.26 and a 52-week high of $2.20. The firm’s 50-day moving average price is $1.44 and its 200 day moving average price is $1.69. The company has a market cap of $192.18 million, a PE ratio of 32.40 and a beta of 0.53.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 14th. This is a positive change from Wi-LAN’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 2.47%. Wi-LAN’s payout ratio is presently 80.02%.
Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.
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