Quarterhill (QTRH) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Quarterhill (NASDAQ:QTRH) posted its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05), Fidelity Earnings reports. Quarterhill had a return on equity of 21.36% and a net margin of 3.89%. The firm had revenue of $20.40 million for the quarter, compared to analyst estimates of $25.60 million.
QTRH stock traded down $0.02 during mid-day trading on Friday, reaching $1.31. The company had a trading volume of 264,410 shares, compared to its average volume of 338,115. The firm has a market capitalization of $151.18 million, a P/E ratio of 2.52 and a beta of 0.90. Quarterhill has a fifty-two week low of $1.01 and a fifty-two week high of $2.12.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Friday, September 14th will be given a $0.0096 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, September 13th. Quarterhill’s dividend payout ratio is currently 7.69%.
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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