Equities Analysts Issue Forecasts for DigitalGlobe Inc.’s FY2016 Earnings (DGI)
DigitalGlobe Inc. (NYSE:DGI) – Research analysts at Dougherty & Co upped their FY2016 EPS estimates for DigitalGlobe in a research report issued on Thursday. Dougherty & Co analyst A. Birla now forecasts that the brokerage will post earnings per share of $0.45 for the year, up from their prior forecast of $0.44. Dougherty & Co currently has a “Buy” rating and a $38.00 target price on the stock. Dougherty & Co also issued estimates for DigitalGlobe’s Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.11 EPS and FY2018 earnings at $0.37 EPS.
DigitalGlobe (NYSE:DGI) last announced its earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.13. The business had revenue of $181.80 million for the quarter, compared to analysts’ expectations of $171.92 million. DigitalGlobe had a return on equity of 3.71% and a net margin of 6.28%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS.
DGI has been the topic of several other reports. Zacks Investment Research cut DigitalGlobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group reiterated a “buy” rating and issued a $30.00 price objective on shares of DigitalGlobe in a report on Monday, September 19th. JPMorgan Chase & Co. upped their price objective on DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $32.00 price objective on shares of DigitalGlobe in a report on Wednesday, August 31st. Finally, Benchmark Co. reiterated a “hold” rating and issued a $20.00 price objective on shares of DigitalGlobe in a report on Wednesday, September 21st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. DigitalGlobe has an average rating of “Hold” and a consensus price target of $29.38.
Shares of DigitalGlobe (NYSE:DGI) opened at 31.80 on Friday. DigitalGlobe has a 12 month low of $11.80 and a 12 month high of $33.05. The company has a market cap of $1.98 billion, a PE ratio of 51.13 and a beta of 0.23. The firm’s 50-day moving average price is $27.02 and its 200 day moving average price is $24.54.
A number of hedge funds have recently made changes to their positions in DGI. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of DigitalGlobe during the third quarter worth about $169,000. Verition Fund Management LLC bought a new stake in DigitalGlobe during the third quarter worth $475,000. Bamco Inc. NY raised its stake in DigitalGlobe by 0.6% in the third quarter. Bamco Inc. NY now owns 772,200 shares of the company’s stock worth $21,235,000 after buying an additional 4,500 shares in the last quarter. Mackenzie Financial Corp raised its stake in DigitalGlobe by 51.9% in the third quarter. Mackenzie Financial Corp now owns 162,330 shares of the company’s stock worth $4,464,000 after buying an additional 55,463 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in DigitalGlobe by 1,244.6% in the third quarter. Panagora Asset Management Inc. now owns 77,811 shares of the company’s stock worth $2,140,000 after buying an additional 72,024 shares in the last quarter.
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.
Receive News & Stock Ratings for DigitalGlobe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc. and related stocks with our FREE daily email newsletter.