Analysts Expect Digi International Inc. (DGII) to Post $0.08 Earnings Per Share
Analysts forecast that Digi International Inc. (NASDAQ:DGII) will announce $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Digi International’s earnings. Digi International posted earnings of $0.14 per share in the same quarter last year, which would indicate a negative year over year growth rate of 42.9%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.
On average, analysts expect that Digi International will report full year earnings of $0.30 per share for the current year. For the next year, analysts forecast that the business will post earnings of $0.42 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Digi International.
Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The company had revenue of $45.70 million for the quarter, compared to analyst estimates of $45.67 million. During the same quarter last year, the company earned $0.16 EPS. Digi International’s revenue for the quarter was down 12.3% compared to the same quarter last year.
Several research firms recently commented on DGII. Zacks Investment Research upgraded Digi International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, August 1st. BidaskClub cut Digi International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price target on shares of Digi International in a research note on Friday, July 28th. TheStreet cut Digi International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, Sidoti upgraded Digi International from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Digi International has a consensus rating of “Buy” and a consensus target price of $14.50.
Large investors have recently added to or reduced their stakes in the stock. Teton Advisors Inc. lifted its stake in shares of Digi International by 28.3% in the first quarter. Teton Advisors Inc. now owns 84,801 shares of the technology company’s stock worth $1,009,000 after acquiring an additional 18,700 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Digi International by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 44,390 shares of the technology company’s stock worth $528,000 after acquiring an additional 1,300 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock worth $178,000 after acquiring an additional 880 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Digi International by 13.2% in the first quarter. Gabelli Funds LLC now owns 171,342 shares of the technology company’s stock worth $2,039,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Digi International by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 478,009 shares of the technology company’s stock worth $5,689,000 after acquiring an additional 3,433 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
Digi International (DGII) traded down 0.54% on Tuesday, hitting $9.15. The stock had a trading volume of 38,514 shares. The company’s 50 day moving average is $9.41 and its 200 day moving average is $10.64. Digi International has a 12-month low of $8.50 and a 12-month high of $14.15. The firm has a market cap of $242.83 million, a PE ratio of 27.81 and a beta of 1.45.
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Digi International Company Profile
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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