DigitalGlobe, Inc (DGI) Posts Earnings Results, Beats Estimates By $0.07 EPS
DigitalGlobe, Inc (NYSE:DGI) posted its quarterly earnings data on Thursday. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07, Briefing.com reports. The firm had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. DigitalGlobe had a net margin of 2.00% and a return on equity of 3.24%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS.
Shares of DigitalGlobe (NYSE DGI) traded up 0.15% during trading on Thursday, reaching $33.55. 192,036 shares of the company’s stock traded hands. The stock has a 50-day moving average of $32.55 and a 200-day moving average of $31.55. DigitalGlobe has a 1-year low of $22.71 and a 1-year high of $35.95. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 189.55 and a beta of 1.03.
In other news, Director Warren Jenson sold 32,512 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $31.73, for a total value of $1,031,605.76. Following the completion of the sale, the director now owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jose Torres sold 3,858 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total transaction of $122,491.50. Following the completion of the sale, the insider now directly owns 39,594 shares of the company’s stock, valued at approximately $1,257,109.50. The disclosure for this sale can be found here. Insiders sold 53,070 shares of company stock valued at $1,682,341 in the last three months. Company insiders own 1.90% of the company’s stock.
Separately, BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. DigitalGlobe presently has a consensus rating of “Hold” and an average price target of $31.79.
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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