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Friday, December 13, 2019
DLH Holdings Corp. (DLHC)
Well Positioned to Capitalize on Government Services Trends
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Well Positioned. With the S3 acquisition, DLH is well positioned to compete on an increasing opportunity set, in our view. DLH's expanded core competencies dovetail nicely with key trends in the government services market, especially in DLH's core agencies such as the Department of Veterans Affairs, Department of Health and Human Services, and public health and life sciences agencies.
Favorable End Markets. The recent Budget deal, if enacted, increases funding to DLH's core end markets: the VA by 9.6%, DoD by 5%, and HHS by 4.4%, with even higher increases at sub agencies. The increased spending should...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.