In a new note to investors today, an analyst has provided a rating update for DHX Media Ltd VV (DHX). Analyst Eric Wold from B.Riley FBR remains bullish on the stock and has a C$4 price target.
“This morning (2/12), DHX Media (DHX-CA – Buy; C$4.00 PT) reported 2Q19 results that missed our and consensus estimates due to a handful of factors that, we believe, will represent a positive shift in the long-term (e.g., quality vs. quantity on content production, sale of the Halifax studio, new YouTube Kids dedicated app, etc.). We upgraded 2/5 ahead of an expectation that color around the new Peanuts content agreement with Apple (AAPL) and continued growth with WildBrain will boost the outlook into FY20—with consensus likely proving overly conservative given the past missteps. And we are not wavering from that view after management expressed comfort in FY19 consensus estimates.”
According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -4.4% and a 36.3% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Red Lion Hotels.
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Currently, the analyst consensus on DHX Media Ltd VV is a Hold with an average price target of C$2.68.
Based on DHX Media Ltd VV’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$2.35 million. In comparison, last year the company had a net profit of C$7.41 million.
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.
The company’s shares closed on Tuesday at C$2.20.