DHX Media (TSE:DHX) Shares Up 7.4%

DHX Media Ltd. (TSE:DHX) shares shot up 7.4% on Tuesday . The company traded as high as C$2.05 and last traded at C$2.03, 130,178 shares traded hands during trading. A decline of 40% from the average session volume of 218,471 shares. The stock had previously closed at C$1.89.

DHX has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of WestJet Airlines from C$20.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 15th. BMO Capital Markets lowered their price objective on shares of Superior Gold from C$2.00 to C$1.50 in a research report on Wednesday, May 15th. National Bank Financial raised shares of WSP Global from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$75.00 to C$79.00 in a research report on Wednesday, May 15th. Finally, CIBC reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. DHX Media currently has a consensus rating of “Hold” and an average price target of C$2.57.

The company has a market capitalization of $269.81 million and a price-to-earnings ratio of -4.31. The company has a debt-to-equity ratio of 115.67, a quick ratio of 1.15 and a current ratio of 1.71. The business has a 50-day moving average price of C$1.90.

DHX Media (TSE:DHX) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.02) by C$0.05. The business had revenue of C$110.00 million during the quarter, compared to the consensus estimate of C$109.50 million. On average, equities research analysts forecast that DHX Media Ltd. will post -0.02 earnings per share for the current year.

About DHX Media (TSE:DHX)

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

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