Equities analysts expect that China Distance Education Holdings Ltd (NYSE:DL) will announce earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for China Distance Education’s earnings. China Distance Education reported earnings per share of $0.38 in the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The business is scheduled to announce its next earnings report on Tuesday, November 19th.
According to Zacks, analysts expect that China Distance Education will report full year earnings of $0.62 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.64 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover China Distance Education.
China Distance Education (NYSE:DL) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). China Distance Education had a net margin of 7.04% and a return on equity of 14.16%. The firm had revenue of $61.75 million during the quarter, compared to analysts’ expectations of $63.74 million.
Several research analysts have recently commented on DL shares. TheStreet lowered China Distance Education from a “c” rating to a “d+” rating in a report on Wednesday, June 26th. Zacks Investment Research upgraded China Distance Education from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday.
Shares of NYSE DL traded down $0.24 during trading on Thursday, hitting $4.25. 138,700 shares of the company were exchanged, compared to its average volume of 15,822. China Distance Education has a 12-month low of $3.89 and a 12-month high of $9.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.83. The company has a fifty day moving average price of $5.04 and a 200-day moving average price of $6.18. The firm has a market capitalization of $141.48 million, a PE ratio of 10.12, a P/E/G ratio of 0.49 and a beta of 1.06.
Several hedge funds and other institutional investors have recently bought and sold shares of DL. Dimensional Fund Advisors LP increased its position in shares of China Distance Education by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 69,900 shares of the technology company’s stock worth $469,000 after purchasing an additional 5,504 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of China Distance Education by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of China Distance Education by 12.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock worth $9,771,000 after purchasing an additional 207,180 shares during the last quarter. Institutional investors and hedge funds own 21.14% of the company’s stock.
China Distance Education Company Profile
China Distance Education Holdings Ltd. engages in the provision of online education in China, which focuses on professional education. The company offers online courses through its websites, which are designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers and professions in China.
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