Piper Jaffray Initiates Coverage on China Distance Education Holdings (DL)
Equities research analysts at Piper Jaffray assumed coverage on shares of China Distance Education Holdings (NYSE:DL) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Shares of China Distance Education Holdings (NYSE:DL) opened at 18.36 on Friday. China Distance Education Holdings has a 1-year low of $4.11 and a 1-year high of $21.15. The stock’s 50-day moving average is $17.93 and its 200-day moving average is $11.92. The company has a market cap of $630.8 million and a P/E ratio of 46.73.
China Distance Education Holdings (NYSE:DL) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.15. During the same quarter last year, the company posted $0.11 earnings per share.
The company also recently declared a dividend, which is scheduled for Friday, January 10th. Stockholders of record on Wednesday, January 8th will be given a dividend of 0.60 per share. The ex-dividend date of this dividend is Monday, January 6th.
China Distance Education Holdings Limited (NYSE:DL) offers a range of online education and test preparation courses and other related services and products.
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