Digi International Inc. (NASDAQ:DGII) Releases FY17 Earnings Guidance
Digi International Inc. (NASDAQ:DGII) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.26-0.29 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $181-184 million, compared to the consensus revenue estimate of $185.29 million.Digi International also updated its Q4 guidance to $0.07-0.10 EPS.
Several brokerages have recently weighed in on DGII. Zacks Investment Research upgraded shares of Digi International from a sell rating to a hold rating in a research report on Wednesday, July 5th. TheStreet downgraded shares of Digi International from a b- rating to a c+ rating in a research report on Tuesday, May 30th. Sidoti upgraded shares of Digi International from a neutral rating to a buy rating in a research report on Tuesday, May 23rd. Finally, Benchmark Co. began coverage on shares of Digi International in a research report on Tuesday, April 25th. They set a buy rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $15.75.
Digi International Inc. (DGII) traded up 0.50% during mid-day trading on Thursday, reaching $10.05. 59,091 shares of the company traded hands. Digi International Inc. has a 52-week low of $9.00 and a 52-week high of $14.15. The stock has a market capitalization of $266.70 million, a PE ratio of 23.00 and a beta of 1.45. The firm’s 50-day moving average is $9.94 and its 200 day moving average is $11.44.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Digi International had a net margin of 6.11% and a return on equity of 3.76%. The business had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $45.67 million. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s revenue was down 12.3% on a year-over-year basis. On average, equities research analysts expect that Digi International Inc. will post $0.27 earnings per share for the current year.
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About Digi International
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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