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

DHI Group (NYSE:DHX) released its quarterly earnings results on Tuesday. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, reports. DHI Group had a net margin of 0.95% and a return on equity of 7.93%. The company had revenue of $35.28 million during the quarter, compared to the consensus estimate of $35.24 million. DHI Group updated its Q4 2024 guidance to EPS.

DHI Group Stock Down 8.5 %

Shares of NYSE:DHX opened at $1.61 on Thursday. The company has a fifty day moving average of $1.73 and a 200-day moving average of $1.99. The company has a market capitalization of $77.92 million, a PE ratio of 40.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 0.45. DHI Group has a 52-week low of $1.45 and a 52-week high of $2.98.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DHX. Point72 DIFC Ltd acquired a new position in shares of DHI Group during the second quarter worth $30,000. Cubist Systematic Strategies LLC acquired a new position in shares of DHI Group during the second quarter worth $35,000. Virtu Financial LLC acquired a new position in shares of DHI Group during the first quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of DHI Group during the second quarter worth $41,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DHI Group during the first quarter worth $45,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DHX. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of DHI Group in a research report on Monday. B. Riley lowered their price objective on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of DHI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.