DLH (DLHC) Announces Earnings Results

DLH (NASDAQ:DLHC) announced its quarterly earnings results on Wednesday. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01), reports. DLH had a return on equity of 13.97% and a net margin of 4.12%.

DLH (NASDAQ DLHC) traded down $0.33 on Wednesday, reaching $6.15. The company had a trading volume of 6,500 shares, compared to its average volume of 14,613. DLH has a 12-month low of $4.10 and a 12-month high of $7.38. The firm has a market cap of $75.17, a PE ratio of 16.61 and a beta of 0.67.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded DLH from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Noble Financial reissued a “buy” rating on shares of DLH in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $7.00 price target on shares of DLH in a report on Friday, October 13th. TheStreet raised DLH from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Finally, ValuEngine downgraded DLH from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $7.25.

In related news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.11, for a total value of $305,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.60% of the stock is owned by company insiders.

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About DLH

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans’ health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.

Earnings History for DLH (NASDAQ:DLHC)

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