DigitalGlobe (DGI) Posts Quarterly Results
DigitalGlobe (NYSE:DGI) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07, AmericanBankingNews.com reports. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $148.41 million. During the same quarter in the previous year, the company posted ($0.96) earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis.
DigitalGlobe (NYSE:DGI) traded up 1.21% on Thursday, hitting $30.14. The stock had a trading volume of 1,171,620 shares. DigitalGlobe has a one year low of $26.02 and a one year high of $43.13. The stock has a 50-day moving average of $29.47 and a 200-day moving average of $35.46. The company’s market cap is $2.273 billion.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. cut their price target on shares of DigitalGlobe to $28.00 in a research note on Monday, March 31st. Analysts at Jefferies Group cut their price target on shares of DigitalGlobe from $50.00 to $39.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.58.
DigitalGlobe, Inc (NYSE:DGI) is a global provider of commercial earth imagery products and information services.
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