China Distance Education (NYSE:DL) Downgraded by Zacks Investment Research
According to Zacks, “CHINA DISTANCE EDUCATION HOLDINGS LIMITED is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. “
Separately, BidaskClub downgraded shares of China Distance Education from a “hold” rating to a “sell” rating in a research note on Thursday, January 7th.
China Distance Education (NYSE:DL) last released its earnings results on Tuesday, December 15th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). China Distance Education had a return on equity of 8.65% and a net margin of 4.98%. During the same period in the prior year, the company earned $0.55 EPS. As a group, sell-side analysts forecast that China Distance Education will post 0.46 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in DL. Goldman Sachs Group Inc. bought a new position in shares of China Distance Education during the second quarter valued at approximately $100,000. Envestnet Asset Management Inc. bought a new stake in China Distance Education during the 3rd quarter valued at $176,000. Ritholtz Wealth Management increased its holdings in shares of China Distance Education by 32.0% in the 3rd quarter. Ritholtz Wealth Management now owns 36,530 shares of the technology company’s stock valued at $350,000 after acquiring an additional 8,849 shares during the period. Morgan Stanley increased its holdings in shares of China Distance Education by 205.6% in the 3rd quarter. Morgan Stanley now owns 40,132 shares of the technology company’s stock valued at $385,000 after acquiring an additional 26,998 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of China Distance Education by 15.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 82,552 shares of the technology company’s stock worth $791,000 after acquiring an additional 11,145 shares in the last quarter. Hedge funds and other institutional investors own 14.49% of the company’s stock.
China Distance Education Company Profile
China Distance Education Holdings Limited primarily provides online and offline education services, and sells related products in the People's Republic of China. It operates in three segments: Professional Education Services, Business Start-Up Training Services, and The Sale of Learning Simulation Software.
Recommended Story: Monthly Dividend Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for China Distance Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Distance Education and related companies with MarketBeat.com's FREE daily email newsletter.