China Distance Education Holdings Ltd. (DL) Shares Up 2.3%
China Distance Education Holdings Ltd. (NYSE:DL)’s share price was up 2.3% during mid-day trading on Friday . The company traded as high as $10.72 and last traded at $10.65, with a volume of 56,634 shares traded. The stock had previously closed at $10.41.
A number of equities analysts recently issued reports on DL shares. Piper Jaffray Cos. reiterated a “buy” rating on shares of China Distance Education Holdings in a research report on Monday, July 18th. TheStreet raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Zacks Investment Research raised shares of China Distance Education Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Finally, Credit Suisse Group AG lowered shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $14.00 to $11.50 in a report on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. China Distance Education Holdings currently has a consensus rating of “Hold” and an average price target of $13.15.
The stock has a market cap of $363.86 million and a P/E ratio of 14.92. The company’s 50 day moving average price is $10.60 and its 200-day moving average price is $12.14.
China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $24.56 million. China Distance Education Holdings’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. On average, equities research analysts anticipate that China Distance Education Holdings Ltd. will post $0.67 earnings per share for the current year.
China Distance Education Holdings Limited (CDEL) is a provider of online education focusing on professional education, helping professionals who aim to obtain professional licenses, satisfy continuing education requirements to maintain their licenses and improve their practical job skills through its professional development courses.
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