Analysts forecast that Digi International Inc. (NASDAQ:DGII) will report earnings per share of $0.09 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Digi International’s earnings. Digi International posted earnings of $0.07 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The firm is scheduled to report its next earnings report on Thursday, May 6th.

According to Zacks, analysts expect that Digi International will report full year earnings of $0.38 per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of $0.69 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Digi International.

Digi International (NASDAQ:DGII) last released its earnings results on Tuesday, February 2nd. The technology company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.07). Digi International had a net margin of 3.01% and a return on equity of 3.17%. The company had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $70.16 million. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year.

DGII has been the topic of several research reports. Zacks Investment Research lowered Digi International from a “hold” rating to a “sell” rating in a research note on Thursday, February 4th. Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Thursday, January 7th. Colliers Securities reiterated a “buy” rating and issued a $25.50 target price on shares of Digi International in a research note on Monday, March 8th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of Digi International in a research report on Wednesday, February 3rd. Finally, Piper Sandler began coverage on shares of Digi International in a report on Monday, March 15th. They issued an “overweight” rating and a $29.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Digi International currently has an average rating of “Hold” and a consensus target price of $25.56.

In other Digi International news, VP Terrence G. Schneider sold 30,000 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $24.19, for a total value of $725,700.00. Following the transaction, the vice president now owns 59,000 shares of the company’s stock, valued at $1,427,210. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DGII. Bank of New York Mellon Corp raised its stake in shares of Digi International by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 308,215 shares of the technology company’s stock valued at $5,826,000 after acquiring an additional 13,788 shares during the period. Millrace Asset Group Inc. increased its holdings in Digi International by 39.6% during the 3rd quarter. Millrace Asset Group Inc. now owns 164,910 shares of the technology company’s stock worth $2,578,000 after purchasing an additional 46,773 shares during the period. Rhumbline Advisers raised its holdings in shares of Digi International by 10.2% in the 4th quarter. Rhumbline Advisers now owns 95,992 shares of the technology company’s stock valued at $1,814,000 after purchasing an additional 8,912 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Digi International by 2.7% during the third quarter. California Public Employees Retirement System now owns 64,875 shares of the technology company’s stock worth $1,014,000 after buying an additional 1,700 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Digi International during the fourth quarter valued at about $325,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Digi International stock traded down $0.13 during trading on Friday, hitting $18.57. The stock had a trading volume of 3,128 shares, compared to its average volume of 283,433. The stock’s 50 day moving average is $20.66 and its two-hundred day moving average is $18.72. Digi International has a 1 year low of $9.02 and a 1 year high of $25.60. The stock has a market cap of $551.70 million, a price-to-earnings ratio of 64.48, a price-to-earnings-growth ratio of 3.00 and a beta of 1.81. The company has a quick ratio of 1.94, a current ratio of 2.78 and a debt-to-equity ratio of 0.16.

Digi International Company Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.

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