What Market views are telling to dormant Investors? China Distance Education Holdings Limited (NYSE: DL)
On 27 Jan 2020, China Distance Education Holdings Limited (NYSE: DL) stock observed trading -18.22% off 52-week high price. On the other end, the stock has been noted 109.38% away from low price over the last 52-weeks. The stock disclosed a move of -0.31% away from 50 day moving average and 31.19% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.05% off 20-day moving average.
China Distance Education Holdings Limited (DL) recently reported unaudited financial results for the fourth quarter and fiscal year 2019 ended September 30, 2019.
Fourth Quarter Fiscal 2019 Financial and Operational Highlights
Net revenue increased by 28.1% to $68.7M from $53.6M in the previous year period.
Total course enrollments were 1,132,300, a raise of 40.6% from the fourth quarter of fiscal 2018.
Cash receipts from online course registration were $43.8M, a 21.6% increase from the fourth quarter of fiscal 2018.
Gross profit increased by 58.5% to $43.4M from $27.4M in the previous year period.
Non-GAAP1 gross profit increased by 58.2% to $43.4M from $27.4M in the previous year period.
Gross margin was 63.2%, contrast with 51.1% in the previous year period. Non-GAAP1 gross margin was 63.2%, contrast with 51.2% in the previous year period.
Operating income increased by 70.3% to $20.7M from $12.2M in the previous year period.
Non-GAAP1 operating income increased by 65.8% to $21.2M from $12.8M in the previous year period.
Net income attributable to CDEL increased by 42.4% to $13.8M from $9.7M in the previous year period.
Non-GAAP1 net income attributable to CDEL increased by 48.8% to $18.6M from $12.5M in the previous year period.
Basic and diluted net income per American Depositary Share (“ADS”) attributable to CDEL were both $0.411, contrast with basic and diluted net income per ADS attributable to CDEL of $0.290 for the fourth quarter of fiscal 2018. Each ADS represents four ordinary shares.
Basic and diluted non-GAAP1 net income per ADS attributable to CDEL were $0.558 and $0.554, respectively, contrast with basic and diluted non-GAAP1 net income per ADS attributable to CDEL of $0.377 and $0.375, respectively, for the fourth quarter of fiscal 2018.
Cash flow from operations increased by 20.2% to $20.0M from $16.7M in the fourth quarter of fiscal 2018.
Fiscal Year 2019 Financial and Operational Highlights
Net revenue increased by 27.1% to $211.8M from $166.7M in fiscal year 2018.
Total course enrollments were 3,793,100, a raise of 18.9% from fiscal year 2018.
Cash receipts from online course registration were $211.7M, a 33.1% increase from fiscal year 2018.
Gross profit increased by 35.9% to $107.1M from $78.8M in fiscal year 2018.
Non-GAAP1 gross profit increased by 35.7% to $107.1M from $78.9M in fiscal year 2018.
Gross margin was 50.6%, contrast with 47.3% in fiscal year 2018. Non-GAAP1 gross margin was 50.6%, contrast with 47.4% in fiscal year 2018.
Operating income increased by 52.8% to $24.4M from $16.0M in fiscal year 2018.
Non-GAAP1 operating income increased by 44.5% to $26.4M from $18.3M in fiscal year 2018.
Net income attributable to CDEL increased by 82.8% to $21.3M from $11.6M in fiscal year 2018.
Non-GAAP1 net income attributable to CDEL increased by 71.0% to $27.6M from $16.1M in fiscal year 2018.
Basic and diluted net income per American Depositary Share (“ADS”) attributable to CDEL were both $0.635, contrast with basic and diluted net income per ADS attributable to CDEL of $0.347 for fiscal year 2018. Each ADS represents four ordinary shares.
Basic and diluted non-GAAP1 net income per ADS attributable to CDEL were $0.830 and $0.823, respectively, contrast with basic and diluted non-GAAP1 net income per ADS attributable to CDEL of $0.488 and $0.485, respectively, for the fiscal year 2018.
Cash flow from operations increased by 45.7% to $73.0M from $50.1M in the fiscal year 2018.
The China based company China Distance Education Holdings Limited moved with change of -7.86% to $8.15 with the total traded volume of 57013 shares in recent session versus to an average volume of 58.24K. DL’s shares are at 23.04% for the quarter and driving a 18.04% return over the course of the past year and is now at 0.68% since this point in 2018. The average volatility for the week and month was at 9.21% and 6.69% respectively.
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