China Distance Education (NYSE:DL) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

China Distance Education (NYSE:DL) posted its earnings results on Thursday. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12, MarketWatch Earnings reports. The company had revenue of $41.89 million for the quarter, compared to analysts’ expectations of $39.80 million. China Distance Education had a return on equity of 20.14% and a net margin of 11.52%. China Distance Education updated its Q3 2020
After-Hours guidance to EPS.

Shares of NYSE DL opened at $6.98 on Friday. China Distance Education has a fifty-two week low of $3.89 and a fifty-two week high of $11.99. The firm’s 50-day simple moving average is $6.97 and its 200 day simple moving average is $7.77. The stock has a market cap of $232.57 million, a P/E ratio of 9.06, a P/E/G ratio of 0.60 and a beta of 1.02.

The business also recently announced a — dividend, which was paid on Friday, April 24th. Shareholders of record on Tuesday, March 31st were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 30th. China Distance Education’s payout ratio is 88.89%.

A number of research firms have issued reports on DL. Zacks Investment Research upgraded China Distance Education from a “hold” rating to a “strong-buy” rating and set a $8.25 target price on the stock in a research note on Tuesday. ValuEngine cut China Distance Education from a “sell” rating to a “strong sell” rating in a research note on Friday.

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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Earnings History for China Distance Education (NYSE:DL)

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