DigitalGlobe Inc. (NYSE:DGI) – Equities researchers at Dougherty & Co raised their Q4 2016 earnings per share estimates for DigitalGlobe in a research note issued on Thursday. Dougherty & Co analyst A. Birla now forecasts that the brokerage will post earnings per share of ($0.04) for the quarter, up from their previous estimate of ($0.05). Dougherty & Co currently has a “Buy” rating and a $38.00 price target on the stock. Dougherty & Co also issued estimates for DigitalGlobe’s Q1 2017 earnings at ($0.07) EPS, Q2 2017 earnings at ($0.03) EPS, Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at $0.06 EPS and FY2017 earnings at ($0.04) EPS.

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. The business earned $181.80 million during the quarter, compared to analyst estimates of $171.92 million. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. DigitalGlobe’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS.

Earnings History and Estimates for DigitalGlobe (NYSE:DGI)

A number of other research firms have also weighed in on DGI. Zacks Investment Research lowered DigitalGlobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 16th. Piper Jaffray Cos. reissued an “overweight” rating and set a $32.00 price objective on shares of DigitalGlobe in a research note on Wednesday, August 31st. Jefferies Group reissued a “buy” rating and set a $30.00 price objective on shares of DigitalGlobe in a research note on Tuesday, September 13th. Benchmark Co. reissued a “hold” rating and set a $24.00 price objective (up previously from $20.00) on shares of DigitalGlobe in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. increased their price objective on DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.38.

Shares of DigitalGlobe (NYSE:DGI) opened at 32.55 on Monday. DigitalGlobe has a 52 week low of $11.80 and a 52 week high of $33.05. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 52.33 and a beta of 0.23. The firm’s 50-day moving average is $27.40 and its 200-day moving average is $24.81.

Institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in DigitalGlobe during the second quarter worth about $109,000. Cornerstone Capital Management Holdings LLC. purchased a new position in DigitalGlobe during the third quarter worth about $169,000. Teacher Retirement System of Texas increased its position in DigitalGlobe by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,115 shares of the company’s stock worth $195,000 after buying an additional 985 shares during the period. Eqis Capital Management Inc. purchased a new position in DigitalGlobe during the third quarter worth about $213,000. Finally, Suntrust Banks Inc. purchased a new position in DigitalGlobe during the third quarter worth about $220,000.

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About DigitalGlobe

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.

5 Day Chart for NYSE:DGI

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