Noble Financial Weighs in on DLH Holdings Corp.’s Q3 2024 Earnings (NASDAQ:DLHC)

DLH Holdings Corp. (NASDAQ:DLHC) – Investment analysts at Noble Financial increased their Q3 2024 earnings per share (EPS) estimates for shares of DLH in a research report issued to clients and investors on Friday, May 3rd. Noble Financial analyst J. Gomes now expects that the business services provider will earn $0.14 per share for the quarter, up from their prior 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.

Separately, StockNews.com cut shares of DLH from a “strong-buy” rating to a “buy” rating in a report on Saturday.

DLH Stock Up 1.6 %

Shares of NASDAQ:DLHC opened at $11.03 on Monday. The stock has a fifty day simple moving average of $12.84 and a two-hundred day simple moving average of $14.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $156.96 million, a price-to-earnings ratio of 52.52 and a beta of 1.27. DLH has a 12-month low of $9.01 and a 12-month high of $17.58.

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

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC lifted its stake in shares of DLH by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 98,622 shares of the business services provider’s stock valued at $1,309,000 after buying an additional 1,364 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of DLH by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after acquiring an additional 47,866 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of DLH by 3.2% in the 4th 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 in the last quarter. Minerva Advisors LLC grew its position in DLH by 16.7% in the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock worth $5,723,000 after acquiring an additional 72,173 shares in the last quarter. Finally, Cove Street Capital LLC boosted its holdings in shares of DLH by 14.6% in the 3rd quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after purchasing an additional 102,275 shares during the period. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. 21.60% of the stock is owned by corporate insiders.

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).