|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||8.87 - 9.00|
|52 Week Range||5.76 - 11.99|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||15.61|
|Earnings Date||Aug 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||9.00|
China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that it held its 2020 Annual General Meeting of Shareholders ("2020 AGM") on August 28, 2020. Each of the proposals submitted for shareholder approval at the 2020 AGM has been approved. Specifically, the shareholders have passed resolutions approving:
Image source: The Motley Fool. China Distance Education Holdings Limited (NYSE: DL)Q3 2020 Earnings CallAug 27, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Mark Marostica -- Co-Chief Financial OfficerGood evening, and thank you for joining us for the China Distance Education Holdings Limited Third Quarter Fiscal Year 2020 Earnings Conference Call.
In the current market session, China Distance Education Inc. (NYSE: DL) is trading at $8.93, after a 1.35% drop. However, over the past month, the stock increased by 2.51%, and in the past year, by 104.78%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 25.54%.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.View more earnings on DLMost often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 349.55 in the Education & Training Services industry, China Distance Education Inc. has a lower P/E ratio of 11.6. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Earnings Scheduled For August 26, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.