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 $0.19-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39, Analyst Ratings News reports. The company issued revenue guidance of $195-205 million, compared to the consensus revenue estimate of $207.97 million.Digi International also updated its Q2 guidance to $0.00-0.03 EPS.
On a related note, analysts at Thomson Reuters/Verus upgraded shares of Digi International from a hold rating to a buy rating in a research note to investors on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Digi International presently has an average rating of Hold and a consensus price target of $10.50.
Shares of Digi International Inc. (NASDAQ:DGII) traded down 1.71% on Thursday, hitting $12.09. The stock had a trading volume of 134,026 shares. Digi International Inc. has a one year low of $8.51 and a one year high of $12.75. The stock’s 50-day moving average is $12.11 and its 200-day moving average is $10.49. The company has a market cap of $311.3 million and a price-to-earnings ratio of 55.91.
Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, January 23rd. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $49.45 million. During the same quarter last year, the company posted $0.05 earnings per share. Digi International’s revenue was up .7% compared to the same quarter last year. Analysts expect that Digi International Inc. will post $0.36 EPS for the current fiscal year.
In other Digi International news, Director Guy C. Jackson sold 17,000 shares of Digi International stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $12.36, for a total transaction of $210,120.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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