B. Riley Analysts Reduce Earnings Estimates for DHI Group Inc. (DHX)
DHI Group Inc. (NYSE:DHX) – Equities research analysts at B. Riley decreased their Q3 2016 earnings per share (EPS) estimates for shares of DHI Group in a note issued to investors on Tuesday. B. Riley analyst K. Anderson now expects that the brokerage will earn $0.10 per share for the quarter, down from their previous forecast of $0.12. B. Riley has a “Neutral” rating and a $7.25 price objective on the stock. B. Riley also issued estimates for DHI Group’s FY2016 earnings at $0.38 EPS, Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.12 EPS and FY2017 earnings at $0.43 EPS.
Several other research firms also recently weighed in on DHX. Zacks Investment Research raised DHI Group from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Avondale Partners downgraded DHI Group from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $8.00 price objective on shares of DHI Group in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $8.94.
Shares of DHI Group (NYSE:DHX) traded down 0.81% during midday trading on Wednesday, reaching $6.10. 137,562 shares of the company’s stock traded hands. The company’s market capitalization is $305.54 million. DHI Group has a 52 week low of $5.95 and a 52 week high of $10.48. The stock’s 50 day moving average is $7.80 and its 200-day moving average is $7.28.
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DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, July 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. DHI Group had a negative net margin of 6.41% and a positive return on equity of 14.81%. The company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $58.67 million. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis.
In other news, insider Shravan Goli sold 16,875 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $8.01, for a total transaction of $135,168.75. Following the completion of the sale, the insider now owns 163,019 shares in the company, valued at $1,305,782.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DHX. Algert Global LLC boosted its position in DHI Group by 87.4% in the third quarter. Algert Global LLC now owns 193,780 shares of the company’s stock valued at $1,529,000 after buying an additional 90,348 shares during the last quarter. Royal Bank of Canada boosted its position in DHI Group by 5.6% in the second quarter. Royal Bank of Canada now owns 47,022 shares of the company’s stock valued at $293,000 after buying an additional 2,500 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in DHI Group by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 485,425 shares of the company’s stock valued at $3,025,000 after buying an additional 21,014 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in DHI Group by 20.4% in the second quarter. Wedge Capital Management L L P NC now owns 228,500 shares of the company’s stock valued at $1,424,000 after buying an additional 38,700 shares during the last quarter. Finally, FDx Advisors Inc. boosted its position in DHI Group by 10.9% in the second quarter. FDx Advisors Inc. now owns 65,567 shares of the company’s stock valued at $408,000 after buying an additional 6,458 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.
DHI Group Company Profile
DHI Group, Inc formerly Dice Holdings, Inc is a provider of specialized Websites focused on select professional communities. The Company’s segments include Tech & Clearance, Finance, Energy, Healthcare and Hospitality. Its online communities enable professionals to manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content.
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