B.Riley FBR Keeps a Buy Rating on DHX Media (DHXM)


According to The Fly, b.Riley FBR analyst Eric Wold reiterated a Buy rating on DHX Media (DHXM) today. The company’s shares closed yesterday at $1.91.

Wold noted:

“This morning (11/13), DHX Media (DHX-CA – Buy; C$3.50 PT) reported 1Q19 results that exceeded our and consensus’ estimates for revenues and adjusted EBITDA (even after the adverse impact of the IFRS 15 accounting standard). With a renewed focus over the past few quarters on boosting core content operations in a cost-effective manner, we were impressed by the +11% increase in core content revenues, with both the Peanuts/Strawberry Shortcake acquisition and WildBrain AVOD platform providing solid contributions to that growth. We continue to believe the longer-term opportunity underlying the company’s brands and online distribution strategy remains underappreciated at the current valuation (even admittedly after some years of mismanagement) and are reiterating our Buy rating and C$3.50 PT.”

According to TipRanks.com, Wold is a 4-star analyst with an average return of 3.7% and a 45.5% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

The the analyst consensus on DHX Media is currently a Hold rating.

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Based on DHX Media’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $16.74 million. In comparison, last year the company had a net profit of $6.5 million.

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DHX Media Ltd. is engages in developing, producing, distributing, broadcasting, and exploiting the rights for television and film programming and brands. It operates through the following segments: Content Business, DHX Television, and Consumer Products Represented.

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