Q3 2024 EPS Estimates for DLH Holdings Corp. (NASDAQ:DLHC) Boosted by Analyst

DLH Holdings Corp. (NASDAQ:DLHC) – Stock analysts at Noble Financial upped their Q3 2024 earnings per share (EPS) estimates for DLH in a research report issued on Friday, May 3rd. Noble Financial analyst J. Gomes now expects that the business services provider will post earnings of $0.14 per share for the quarter, up from their previous estimate of $0.13. The consensus estimate for DLH’s current full-year earnings is $0.57 per share. Noble Financial also issued estimates for DLH’s Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.91 EPS.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $101.01 million during the quarter, compared to the consensus estimate of $99.00 million. DLH had a return on equity of 7.66% and a net margin of 0.76%. During the same quarter in the previous year, the firm earned $0.06 EPS.

Separately, StockNews.com downgraded DLH from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

DLH Stock Performance

Shares of DLHC stock opened at $10.86 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.03. DLH has a fifty-two week low of $9.01 and a fifty-two week high of $17.58. The stock has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $14.30. The company has a market capitalization of $154.54 million, a P/E ratio of 51.71 and a beta of 1.27.

Insider Activity at DLH

In related news, insider Jeanine M. Christian sold 3,826 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the sale, the insider now directly owns 21,125 shares of the company’s stock, valued at $358,913.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DLH

A number of institutional investors have recently modified their holdings of DLHC. Minerva Advisors LLC lifted its holdings in DLH by 16.7% in the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after acquiring an additional 72,173 shares during the period. Cove Street Capital LLC lifted its holdings in DLH by 14.6% in the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after acquiring an additional 102,275 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of DLH in the third quarter worth about $1,180,000. Legato Capital Management LLC raised its stake in shares of DLH by 3.2% in the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after buying an additional 1,203 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of DLH by 6.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock worth $387,000 after buying an additional 1,872 shares during the period. 67.25% of the stock is owned by hedge funds and other institutional investors.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).