Zacks: DLH Holdings Corp (DLHC) Given $8.25 Average Price Target by Brokerages

Shares of DLH Holdings Corp (NASDAQ:DLHC) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $8.25 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned DLH an industry rank of 36 out of 255 based on the ratings given to its competitors.

A number of equities analysts have issued reports on DLHC shares. Zacks Investment Research cut DLH from a “buy” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Noble Financial set a $8.00 price target on DLH and gave the stock a “buy” rating in a report on Sunday, December 16th.

A hedge fund recently raised its stake in DLH stock. Perritt Capital Management Inc. grew its holdings in shares of DLH Holdings Corp (NASDAQ:DLHC) by 42.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 510,715 shares of the business services provider’s stock after purchasing an additional 151,217 shares during the quarter. Perritt Capital Management Inc. owned approximately 4.24% of DLH worth $2,378,000 at the end of the most recent reporting period. 55.91% of the stock is owned by hedge funds and other institutional investors.

Shares of DLH stock traded up $0.24 on Friday, hitting $6.19. The stock had a trading volume of 100 shares, compared to its average volume of 20,209. DLH has a twelve month low of $4.16 and a twelve month high of $6.30. The company has a market capitalization of $71.61 million, a P/E ratio of 15.23 and a beta of 0.67.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Thursday, February 14th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. DLH had a return on equity of 14.20% and a net margin of 1.38%. The company had revenue of $33.75 million during the quarter, compared to the consensus estimate of $32.50 million. As a group, equities research analysts predict that DLH will post 0.49 EPS for the current fiscal year.

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.

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