William Blair Maintains Market Perform On Dice Holdings Shares


In a research report issued today, William Blair analyst Timothy McHugh maintained a Market Perform rating on Dice Holdings (NYSE:DHX). No price target was given.

McHugh said, “We expect slightly better-than-expected results for Dice Holdings in the third quarter. We believe demand and competitive trends for the company’s core Dice.com business remain somewhat challenged and trends for eFinancialCareers.com appear a little more mixed than six months ago. Job postings trends for Rigzone (energy) look very strong, but given relatively slow billings growth during the last few quarters and some broader concerns (impact of foreign exchange rates and lower price of oil), we are hesitant to expect much upside to the high-single-digit growth that we are projecting for that segment. Lastly, while they are not big enough to significantly move the needle, job postings trends for the healthcare and hospitality verticals appear slightly stronger than we had expected. Still, the company’s guidance assumes somewhat conservatively that revenue is down about 2% sequentially. Overall, we expect relatively in-line or modestly better-than-expected (roughly $1 million) revenue for the third quarter, as well as about $0.01-$0.02 of upside at the EPS line. “

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Timothy McHugh has a total average return of 18.7% and a 72.7% success rate. McHugh is ranked #555 out of 3335 analysts.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts