DigitalGlobe, Inc (NYSE:DGI) Expected to Post Q4 2017 Earnings of $0.00 Per Share
DigitalGlobe, Inc (NYSE:DGI) – Investment analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for shares of DigitalGlobe in a research report issued to clients and investors on Friday. Jefferies Group analyst H. Rubel now anticipates that the technology company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.05.
Several other analysts also recently issued reports on the company. BidaskClub upgraded DigitalGlobe from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Piper Jaffray Companies cut DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $37.00 to $34.00 in a research report on Friday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.07.
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Shares of DigitalGlobe (DGI) opened at 33.40 on Monday. The firm’s 50-day moving average price is $32.62 and its 200 day moving average price is $31.56. DigitalGlobe has a 12-month low of $22.71 and a 12-month high of $35.95. The stock has a market capitalization of $2.08 billion, a P/E ratio of 982.35 and a beta of 1.02.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.07. DigitalGlobe had a return on equity of 2.40% and a net margin of 0.64%. The company had revenue of $225.70 million for the quarter, compared to the consensus estimate of $209.13 million. During the same period in the previous year, the business earned $0.17 EPS. DigitalGlobe’s revenue for the quarter was up 28.6% compared to the same quarter last year.
In related news, insider Jose Torres sold 3,858 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 39,594 shares of the company’s stock, valued at approximately $1,257,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $512,244.00. Following the transaction, the executive vice president now directly owns 109,037 shares of the company’s stock, valued at approximately $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 valued at $1,682,341 in the last three months. 2.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of DGI. BlackRock Inc. boosted its position in DigitalGlobe by 13,624.9% in the first quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock valued at $168,955,000 after buying an additional 5,121,313 shares in the last quarter. Shapiro Capital Management LLC boosted its position in DigitalGlobe by 106.9% in the first quarter. Shapiro Capital Management LLC now owns 4,006,441 shares of the technology company’s stock valued at $131,211,000 after buying an additional 2,070,230 shares in the last quarter. Norges Bank acquired a new position in DigitalGlobe during the fourth quarter valued at $23,533,000. Schroder Investment Management Group boosted its position in DigitalGlobe by 57.4% in the first quarter. Schroder Investment Management Group now owns 1,136,229 shares of the technology company’s stock valued at $37,098,000 after buying an additional 414,181 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new position in DigitalGlobe during the first quarter valued at $11,790,000. 98.71% of the stock is owned by institutional investors and hedge funds.
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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