China Distance Education (NYSE:DL) issued its quarterly earnings results on Tuesday. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.05), Morningstar.com reports. The firm had revenue of $61.75 million during the quarter, compared to analyst estimates of $63.74 million. China Distance Education had a return on equity of 14.16% and a net margin of 7.04%.
NYSE DL traded up $0.03 on Wednesday, reaching $4.50. 19,025 shares of the company were exchanged, compared to its average volume of 14,815. The firm has a fifty day simple moving average of $5.08. The company has a market cap of $148.82 million, a PE ratio of 10.71, a P/E/G ratio of 0.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.81. China Distance Education has a fifty-two week low of $3.89 and a fifty-two week high of $9.79.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in China Distance Education by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 69,900 shares of the technology company’s stock worth $469,000 after buying an additional 5,504 shares during the last quarter. Renaissance Technologies LLC boosted its stake in China Distance Education by 1.1% during the second quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock worth $1,661,000 after buying an additional 3,600 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in China Distance Education by 12.4% during the second quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock worth $9,771,000 after buying an additional 207,180 shares during the last quarter. 21.14% of the stock is currently owned by institutional investors.
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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