Digi International Inc. (DGII) Issues FY14 Earnings Guidance
Digi International Inc. (NASDAQ:DGII) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $0.30-$0.44 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $200-$214 million, compared to the consensus revenue estimate of $209.65 million.Digi International also updated its Q1 guidance to $0.04-$0.06 EPS.
Shares of Digi International Inc. (NASDAQ:DGII) traded up 1.92% on Thursday, hitting $10.08. 139,217 shares of the company’s stock traded hands. Digi International Inc. has a 52-week low of $8.51 and a 52-week high of $10.87. The stock’s 50-day moving average is $9.84 and its 200-day moving average is $9.63. The company has a market cap of $259.2 million and a price-to-earnings ratio of 43.00.
Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $51.40 million for the quarter, compared to the consensus estimate of $50.69 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Digi International Inc. will post $0.22 EPS for the current fiscal year.
Digi International Inc operates in the communications technology industry. It helps customers connect, monitor and control local or remote electronic devices over a network through the Internet or through satellite.
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