Wall Street brokerages expect Digi International Inc. (NASDAQ:DGII) to post earnings per share of $0.01 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Digi International’s earnings, with estimates ranging from $0.00 to $0.03. Digi International reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 75%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 30th.
According to Zacks, analysts expect that Digi International will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.74. For the next year, analysts forecast that the business will report earnings of $0.91 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Digi International.
Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, November 14th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $64.96 million during the quarter, compared to analyst estimates of $63.20 million. Digi International had a return on equity of 2.56% and a net margin of 3.92%.
DGII has been the topic of several research reports. Lake Street Capital lifted their price target on Digi International from $16.00 to $20.00 in a research report on Friday, November 15th. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, November 15th. BidaskClub upgraded shares of Digi International from a “hold” rating to a “buy” rating in a report on Saturday, October 19th. Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Monday, November 25th. Finally, ValuEngine upgraded Digi International from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.17.
DGII stock opened at $17.85 on Friday. Digi International has a fifty-two week low of $9.28 and a fifty-two week high of $18.99. The company has a market capitalization of $505.13 million, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.69. The business’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $13.49.
In other Digi International news, insider Michael A. Ueland sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.34, for a total transaction of $183,400.00. Following the completion of the sale, the insider now directly owns 77,128 shares of the company’s stock, valued at $1,414,527.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin C. Riley sold 95,000 shares of Digi International stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $18.17, for a total transaction of $1,726,150.00. Following the transaction, the insider now owns 141,670 shares in the company, valued at approximately $2,574,143.90. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC bought a new stake in Digi International in the third quarter worth about $1,885,000. Teton Advisors Inc. lifted its position in shares of Digi International by 36.0% during the second quarter. Teton Advisors Inc. now owns 158,620 shares of the technology company’s stock worth $2,011,000 after purchasing an additional 42,000 shares during the last quarter. Strs Ohio lifted its position in shares of Digi International by 162.3% during the third quarter. Strs Ohio now owns 43,800 shares of the technology company’s stock worth $596,000 after purchasing an additional 27,100 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Digi International by 39.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 50,530 shares of the technology company’s stock worth $641,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Digi International by 288.9% in the third quarter. Meeder Asset Management Inc. now owns 11,811 shares of the technology company’s stock worth $161,000 after purchasing an additional 8,774 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.
Digi International Company Profile
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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