Brokerages Expect DigitalGlobe, Inc (DGI) Will Announce Quarterly Sales of $209.00 Million
Brokerages forecast that DigitalGlobe, Inc (NYSE:DGI) will announce sales of $209.00 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for DigitalGlobe’s earnings. The highest sales estimate is $214.10 million and the lowest is $205.37 million. DigitalGlobe posted sales of $175.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.1%. The firm is expected to report its next earnings report after the market closes on Thursday, July 20th.
According to Zacks, analysts expect that DigitalGlobe will report full year sales of $209.00 million for the current financial year, with estimates ranging from $850.00 million to $870.00 million. For the next financial year, analysts anticipate that the company will report sales of $894.69 million per share, with estimates ranging from $883.63 million to $905.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for DigitalGlobe.
DigitalGlobe (NYSE:DGI) last released its earnings results on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. The business had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $199.07 million. DigitalGlobe had a net margin of 2.00% and a return on equity of 3.24%.
Separately, BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.79.
In other DigitalGlobe news, insider Jose Torres sold 3,858 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total transaction of $122,491.50. Following the sale, the insider now directly owns 39,594 shares of the company’s stock, valued at approximately $1,257,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Walter S. Scott sold 16,200 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $31.62, for a total transaction of $512,244.00. Following the sale, the executive vice president now directly owns 109,037 shares in the company, valued at $3,447,749.94. The disclosure for this sale can be found here. Insiders have sold a total of 53,070 shares of company stock worth $1,682,341 over the last three months. Insiders own 2.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of DigitalGlobe during the first quarter worth about $179,000. Karp Capital Management Corp purchased a new stake in shares of DigitalGlobe during the first quarter worth about $293,000. Eqis Capital Management Inc. boosted its stake in shares of DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock worth $322,000 after buying an additional 1,647 shares during the last quarter. Harvest Management LLC purchased a new stake in shares of DigitalGlobe during the first quarter worth about $328,000. Finally, KCG Holdings Inc. boosted its stake in shares of DigitalGlobe by 34.8% in the first quarter. KCG Holdings Inc. now owns 11,285 shares of the technology company’s stock worth $370,000 after buying an additional 2,913 shares during the last quarter. 98.71% of the stock is currently owned by institutional investors.
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DigitalGlobe (DGI) traded up 0.45% during mid-day trading on Wednesday, hitting $33.50. The stock had a trading volume of 69,916 shares. The company has a 50-day moving average price of $32.48 and a 200 day moving average price of $31.54. The company has a market cap of $2.08 billion, a P/E ratio of 189.27 and a beta of 1.03. DigitalGlobe has a 1-year low of $22.71 and a 1-year high of $35.95.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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