DHI Group (NYSE:DHX) Announces Earnings Results, Beats Expectations By $0.01 EPS

by · The Cerbat Gem

DHI Group (NYSE:DHX – Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, FiscalAI reports. DHI Group had a negative net margin of 10.24% and a positive return on equity of 10.14%. The company had revenue of $31.38 million for the quarter, compared to analyst estimates of $29.98 million.

DHI Group Stock Performance

Shares of DHX stock traded up $0.02 during trading hours on Wednesday, reaching $1.71. The stock had a trading volume of 143,146 shares, compared to its average volume of 178,389. The firm has a market capitalization of $80.41 million, a PE ratio of -5.50 and a beta of 1.48. The firm has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $2.17. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.43 and a quick ratio of 0.43.

DHI Group announced that its board has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DHX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Lake Street Capital reiterated a “hold” rating and issued a $2.50 price objective (down previously from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.75.

Read Our Latest Stock Analysis on DHX

Institutional Investors Weigh In On DHI Group

Several institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. acquired a new stake in DHI Group in the second quarter worth approximately $33,000. Invesco Ltd. acquired a new stake in shares of DHI Group during the second quarter worth $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in DHI Group during the third quarter valued at about $49,000. Cubist Systematic Strategies LLC boosted its stake in DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after purchasing an additional 15,089 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of DHI Group by 1,940.5% in the third quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock worth $59,000 after buying an additional 20,045 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.

About DHI Group

(Get Free Report)

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.

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