DHI Group, Inc. (NYSE:DHX) to Post Q3 2022 Earnings of $0.00 Per Share, B. Riley Forecasts

DHI Group, Inc. (NYSE:DHXGet Rating) – Stock analysts at B. Riley reduced their Q3 2022 EPS estimates for DHI Group in a research note issued on Thursday, May 5th. B. Riley analyst Z. Cummins now forecasts that the technology company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. B. Riley also issued estimates for DHI Group’s Q4 2022 earnings at $0.01 EPS and FY2023 earnings at $0.09 EPS.

DHX has been the topic of several other reports. Zacks Investment Research raised shares of DHI Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 10th. StockNews.com cut shares of DHI Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, TheStreet upgraded shares of DHI Group from a “c” rating to a “b-” rating in a report on Wednesday, February 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $8.08.

Shares of DHX opened at $6.38 on Monday. The stock has a 50 day simple moving average of $5.78. The firm has a market cap of $315.33 million, a PE ratio of -9.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.43 and a quick ratio of 0.39. DHI Group has a 12-month low of $2.76 and a 12-month high of $6.62.

DHI Group (NYSE:DHXGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. DHI Group had a negative net margin of 24.39% and a positive return on equity of 0.61%. During the same period in the prior year, the company posted $0.02 EPS.

DHI Group announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 15th that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in the stock. City State Bank bought a new stake in DHI Group in the 4th quarter valued at $26,000. BlackRock Inc. increased its holdings in DHI Group by 0.8% in the 4th quarter. BlackRock Inc. now owns 754,390 shares of the technology company’s stock valued at $4,707,000 after buying an additional 5,653 shares during the period. Geode Capital Management LLC increased its holdings in DHI Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 425,479 shares of the technology company’s stock valued at $2,025,000 after buying an additional 8,681 shares during the period. Royal Bank of Canada increased its holdings in DHI Group by 20.0% in the 2nd quarter. Royal Bank of Canada now owns 57,262 shares of the technology company’s stock valued at $194,000 after buying an additional 9,560 shares during the period. Finally, LPL Financial LLC bought a new stake in DHI Group in the 3rd quarter valued at $52,000. 74.00% of the stock is currently owned by institutional investors and hedge funds.

DHI Group Company Profile (Get Rating)

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals in the United States, the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.

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