Wi-LAN Inc (NASDAQ:QTRH) – Cormark lifted their Q3 2017 earnings per share estimates for shares of Wi-LAN in a report issued on Tuesday. Cormark analyst R. Peters now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their previous 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.
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Separately, ValuEngine upgraded shares of Wi-LAN from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd.
Wi-LAN (NASDAQ:QTRH) opened at 1.62 on Thursday. The company has a 50 day moving average price of $1.44 and a 200 day moving average price of $1.69. Wi-LAN has a 52 week low of $1.26 and a 52 week high of $2.20. The stock has a market cap of $192.18 million, a price-to-earnings ratio of 32.40 and a beta of 0.53.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were given a $0.01 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 2.47%. This is an increase from Wi-LAN’s previous quarterly dividend of $0.01. Wi-LAN’s dividend payout ratio (DPR) is presently 80.02%.
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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