China Distance Education Holdings (DL) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
China Distance Education Holdings (NYSE:DL) released its earnings data on Tuesday. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01, American Banking and Market News reports. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $16.66 million. During the same quarter in the prior year, the company posted $0.03 earnings per share.
Shares of China Distance Education Holdings (NYSE:DL) traded up 3.71% on Tuesday, hitting $17.34. The stock had a trading volume of 251,504 shares. China Distance Education Holdings has a 1-year low of $5.48 and a 1-year high of $28.75. The stock’s 50-day moving average is $15.68 and its 200-day moving average is $18.56. The company has a market cap of $625.7 million and a P/E ratio of 38.09.
A number of research firms have recently commented on DL. Analysts at Zacks downgraded shares of China Distance Education Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $18.20 price target on the stock.
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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