Today: China Distance Education Holdings Ltd. (DL) to Release Quarterly Earnings on Tuesday

Today: China Distance Education Holdings Ltd. (DL) to Release Quarterly Earnings on Tuesday

China Distance Education Holdings Ltd. (NYSE:DL) is scheduled to be announcing its Q416 earnings results on Tuesday, November 29th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $35.70 million for the quarter.

China Distance Education Holdings Ltd. (NYSE:DL) opened at 13.44 on Monday. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $11.79. China Distance Education Holdings Ltd. has a 12 month low of $8.97 and a 12 month high of $15.83. The stock has a market capitalization of $447.85 million, a price-to-earnings ratio of 17.08 and a beta of 1.87.

Several equities analysts recently commented on DL shares. TheStreet raised China Distance Education Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Piper Jaffray Cos. reissued a “buy” rating and set a $14.00 price target on shares of China Distance Education Holdings in a research report on Wednesday, August 24th. Finally, Credit Suisse Group AG raised China Distance Education Holdings from an “underperform” rating to a “neutral” rating in a research report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.18.

Several institutional investors have recently made changes to their positions in DL. FIL Ltd raised its position in shares of China Distance Education Holdings by 3.5% in the second quarter. FIL Ltd now owns 1,257,400 shares of the company’s stock worth $13,002,000 after buying an additional 42,100 shares during the last quarter. Morgan Stanley raised its position in shares of China Distance Education Holdings by 94.9% in the third quarter. Morgan Stanley now owns 149,307 shares of the company’s stock worth $1,929,000 after buying an additional 72,688 shares during the last quarter. Bamco Inc. NY acquired a new position in shares of China Distance Education Holdings during the third quarter worth about $1,163,000. D. E. Shaw & Co. Inc. raised its position in shares of China Distance Education Holdings by 17.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 57,567 shares of the company’s stock worth $744,000 after buying an additional 8,562 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of China Distance Education Holdings during the third quarter worth about $123,000. 19.64% of the stock is currently owned by institutional investors.

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