Movers and SHAKERS
DLH Corporation (DLHC)
What Do 3Q19 Results Tell Us About the Combined Company?
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offer 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.
Joe Gomes, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- 3Q19 Operating Results. DLH reported revenue of $38.7 million and diluted EPS of $0.06 for the third quarter. Included in revenue is a $4.5 million contribution from SSS and included in EPS is a $0.07 per share charge reflecting acquisition costs. Adjusting for SSS, DLH would have reported revenue of $34.2 million and EPS of $0.13, in-line with our forecast of $34 million and $0.12 EPS.
- Pro Forma Results. On a pro forma basis for the quarter, the combined entity would have generated revenue of...
This Company Sponsored 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 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.