Wi-LAN Inc to Post Q3 2017 Earnings of $0.27 Per Share, Cormark Forecasts (QTRH)
Wi-LAN Inc (NASDAQ:QTRH) – Equities research analysts at Cormark increased their Q3 2017 earnings per share estimates for shares of Wi-LAN in a research note issued on Tuesday. Cormark analyst R. Peters now anticipates that the company will post earnings of $0.27 per share for the quarter, up from their prior forecast 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 report on Monday.
Wi-LAN (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 company has a market cap of $192.18 million, a price-to-earnings ratio of 32.40 and a beta of 0.53. The stock has a 50 day moving average price of $1.44 and a 200 day moving average price of $1.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Wi-LAN’s previous quarterly dividend of $0.01. Wi-LAN’s dividend payout ratio (DPR) is 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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