Q3 2017 EPS Estimates for Wi-LAN Inc Raised by Cormark (QTRH)
Wi-LAN Inc (NASDAQ:QTRH) – Stock analysts at Cormark increased their Q3 2017 EPS estimates for Wi-LAN in a research report issued to clients and investors on Monday. Cormark analyst R. Peters now expects that the company will earn $0.06 per share for the quarter, up from their previous forecast of ($0.01). Cormark also issued estimates for Wi-LAN’s Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.13 EPS and FY2018 earnings at $0.21 EPS.
Separately, ValuEngine upgraded shares of Wi-LAN from a “sell” rating to a “hold” rating in a report on Monday.
Wi-LAN (NASDAQ:QTRH) opened at 1.6099 on Wednesday. The firm has a market cap of $190.98 million, a price-to-earnings ratio of 32.1980 and a beta of 0.53. The firm has a 50-day moving average of $1.44 and a 200-day moving average of $1.69. Wi-LAN has a one year low of $1.26 and a one year high of $2.20.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a $0.01 dividend. This is an increase from Wi-LAN’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, September 14th. Wi-LAN’s dividend payout ratio (DPR) is currently 80.02%.
Wi-LAN Company Profile
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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