DigitalGlobe Inc. Forecasted to Post FY2016 Earnings of $0.65 Per Share (DGI)
DigitalGlobe Inc. (NYSE:DGI) – Jefferies Group raised their FY2016 earnings per share (EPS) estimates for shares of DigitalGlobe in a research report issued to clients and investors on Tuesday. Jefferies Group analyst H. Rubel now anticipates that the firm will earn $0.65 per share for the year, up from their prior forecast of $0.63. Jefferies Group has a “Buy” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for DigitalGlobe’s Q4 2016 earnings at $0.17 EPS, Q1 2017 earnings at $0.05 EPS, Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.12 EPS and FY2019 earnings at $1.10 EPS.
Other analysts have also issued reports about the company. Dougherty & Co boosted their price objective on DigitalGlobe from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research lowered DigitalGlobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Benchmark Co. reiterated a “hold” rating and set a $24.00 price objective (up from $20.00) on shares of DigitalGlobe in a research note on Wednesday, October 26th. JPMorgan Chase & Co. upped their target price on DigitalGlobe from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $32.00 target price on shares of DigitalGlobe in a research note on Wednesday, August 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.38.
DigitalGlobe (NYSE:DGI) opened at 32.35 on Wednesday. The stock’s 50 day moving average price is $26.89 and its 200-day moving average price is $24.49. DigitalGlobe has a 12 month low of $11.80 and a 12 month high of $32.40. The company has a market capitalization of $2.01 billion, a P/E ratio of 52.01 and a beta of 0.23.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13. DigitalGlobe had a return on equity of 3.71% and a net margin of 6.28%. The firm had revenue of $181.80 million for the quarter, compared to analyst estimates of $171.92 million. During the same period last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new position in DigitalGlobe during the second quarter worth about $1,430,000. Strs Ohio bought a new stake in shares of DigitalGlobe during the second quarter valued at $1,007,000. Bank of Montreal Can bought a new stake in shares of DigitalGlobe during the second quarter valued at $1,107,000. Parametrica Management Ltd bought a new stake in shares of DigitalGlobe during the second quarter valued at $316,000. Finally, Palo Capital Inc. bought a new stake in shares of DigitalGlobe during the second quarter valued at $422,000.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.
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