Wi-LAN Inc (QTRH) to Release Quarterly Earnings on Thursday
Wi-LAN Inc (NASDAQ:QTRH) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.12%. This is an increase from Wi-LAN’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 14th. Wi-LAN’s payout ratio is 80.02%.
QTRH has been the topic of several analyst reports. Zacks Investment Research raised Wi-LAN from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Thursday, October 19th. ValuEngine raised Wi-LAN from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $3.50.
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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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