DHX Media (NASDAQ:DHXM) released its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01, reports. The company had revenue of $85.03 million during the quarter, compared to analysts’ expectations of $77.78 million. DHX Media had a negative return on equity of 1.41% and a negative net margin of 24.75%.
Shares of DHXM traded down $0.02 on Friday, reaching $1.40. The stock had a trading volume of 55,600 shares, compared to its average volume of 103,218. The firm has a market capitalization of $188.91 million, a price-to-earnings ratio of 70.00 and a beta of 0.97. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.70 and a current ratio of 1.70. The company has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $1.41. DHX Media has a 12-month low of $1.08 and a 12-month high of $2.78.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHXM. Primecap Management Co. CA purchased a new position in DHX Media during the second quarter valued at $9,870,000. Perritt Capital Management Inc. purchased a new position in DHX Media during the second quarter valued at $467,000. Bank of Montreal Can lifted its position in DHX Media by 2,055.6% during the second quarter. Bank of Montreal Can now owns 240,740 shares of the company’s stock valued at $351,000 after purchasing an additional 229,572 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in DHX Media during the second quarter valued at $85,000. Finally, Pinnacle Associates Ltd. purchased a new position in DHX Media during the second quarter valued at $73,000. Institutional investors own 39.74% of the company’s stock.
DHXM has been the subject of a number of research analyst reports. Zacks Investment Research cut DHX Media from a “buy” rating to a “hold” rating in a research note on Thursday. CIBC set a $2.00 target price on DHX Media and gave the company a “sell” rating in a research note on Tuesday, September 24th. Echelon Wealth Partners set a $3.00 target price on DHX Media and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets set a $2.30 target price on DHX Media and gave the company a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.20.
About DHX Media
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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