Analysts Anticipate China Distance Education Holdings Ltd (NYSE:DL) to Post $0.34 EPS

Wall Street analysts expect China Distance Education Holdings Ltd (NYSE:DL) to post earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for China Distance Education’s earnings. China Distance Education posted earnings per share of $0.38 during the same quarter last year, which would indicate a negative year over year growth rate of 10.5%. The business is expected to issue its next quarterly earnings results on Tuesday, November 19th.

On average, analysts expect that China Distance Education will report full-year earnings of $0.62 per share for the current financial year. For the next fiscal year, analysts expect that the business will post earnings of $0.64 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow China Distance Education.

China Distance Education (NYSE:DL) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The firm had revenue of $61.75 million during the quarter, compared to analyst estimates of $63.74 million. China Distance Education had a net margin of 8.72% and a return on equity of 15.80%.

A number of analysts recently issued reports on the company. TheStreet cut China Distance Education from a “c” rating to a “d+” rating in a research report on Wednesday, June 26th. Zacks Investment Research raised China Distance Education from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, August 14th.

Several hedge funds and other institutional investors have recently made changes to their positions in DL. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 5,504 shares during the period. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 3,600 shares during the period. Finally, Wells Fargo & Company MN lifted its position in 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 acquiring an additional 207,180 shares during the period. 20.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DL traded up $0.03 during trading hours on Thursday, reaching $4.30. The stock had a trading volume of 2,500 shares, compared to its average volume of 26,627. The firm has a market cap of $138.17 million, a price-to-earnings ratio of 10.24, a PEG ratio of 0.45 and a beta of 1.06. China Distance Education has a fifty-two week low of $3.89 and a fifty-two week high of $9.79. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $6.14.

About China Distance Education

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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