DigitalGlobe Inc. (DGI) to Post Q1 2017 Earnings of ($0.08) Per Share, Dougherty & Co Forecasts
DigitalGlobe Inc. (NYSE:DGI) – Equities researchers at Dougherty & Co cut their Q1 2017 earnings per share (EPS) estimates for DigitalGlobe in a report issued on Sunday. Dougherty & Co analyst A. Birla now forecasts that the firm will post earnings per share of ($0.08) for the quarter, down from their previous forecast of $0.09. Dougherty & Co currently has a “Buy” rating and a $38.00 price target on the stock. Dougherty & Co also issued estimates for DigitalGlobe’s Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.04 EPS, FY2017 earnings at ($0.08) EPS and Q3 2018 earnings at $0.10 EPS.
DGI has been the topic of several other reports. Jefferies Group reissued a “buy” rating and issued a $30.00 target price on shares of DigitalGlobe in a report on Monday, September 19th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $32.00 target price on shares of DigitalGlobe in a report on Wednesday, August 31st. Zacks Investment Research raised shares of DigitalGlobe from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Thursday, October 27th. Benchmark Co. reissued a “hold” rating and issued a $24.00 target price (up from $20.00) on shares of DigitalGlobe in a report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. DigitalGlobe has an average rating of “Hold” and an average price target of $29.38.
Shares of DigitalGlobe (NYSE:DGI) opened at 32.10 on Wednesday. The company’s 50 day moving average is $27.02 and its 200-day moving average is $24.54. DigitalGlobe has a 1-year low of $11.80 and a 1-year high of $33.05. The company has a market capitalization of $2.00 billion, a P/E ratio of 51.61 and a beta of 0.23.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. The business earned $181.80 million during the quarter, compared to the consensus estimate of $171.92 million. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. DigitalGlobe’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share.
Large investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in DigitalGlobe during the second quarter valued at approximately $109,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in DigitalGlobe during the third quarter valued at approximately $169,000. Teacher Retirement System of Texas increased its stake in DigitalGlobe by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,115 shares of the company’s stock valued at $195,000 after buying an additional 985 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in DigitalGlobe during the third quarter valued at approximately $213,000. Finally, Suntrust Banks Inc. acquired a new stake in DigitalGlobe during the third quarter valued at approximately $220,000.
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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