Zacks: Analysts Anticipate DigitalGlobe, Inc (DGI) Will Post Earnings of -$0.03 Per Share
Wall Street analysts forecast that DigitalGlobe, Inc (NYSE:DGI) will post earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for DigitalGlobe’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.04). DigitalGlobe posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year over year growth rate of 114.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that DigitalGlobe will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.06). For the next year, analysts expect that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.12 to $0.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover DigitalGlobe.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.17 EPS. DigitalGlobe’s quarterly revenue was up 28.6% on a year-over-year basis.
DGI has been the subject of a number of research reports. Piper Jaffray Companies cut DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $34.00 in a research note on Friday, July 21st. BidaskClub cut DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.75.
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Shares of DigitalGlobe (NYSE DGI) opened at 34.80 on Monday. DigitalGlobe has a one year low of $23.95 and a one year high of $35.95. The stock has a market capitalization of $2.17 billion, a PE ratio of 1023.53 and a beta of 1.02. The firm has a 50 day moving average price of $33.12 and a 200 day moving average price of $31.84.
In other news, insider Jose Torres sold 3,858 shares of DigitalGlobe stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total value 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 $1,257,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warren Jenson sold 32,512 shares of DigitalGlobe 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 directly owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The disclosure for this sale can be found here. Insiders sold 52,570 shares of company stock valued at $1,666,341 over the last ninety days. Insiders own 1.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. ARP Americas LLC bought a new position in DigitalGlobe during the first quarter worth about $3,266,000. Eqis Capital Management Inc. raised its position in 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 period. IndexIQ Advisors LLC bought a new position in DigitalGlobe during the first quarter worth about $1,169,000. Bbva Compass Bancshares Inc. raised its position in DigitalGlobe by 2.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,334 shares of the technology company’s stock worth $698,000 after buying an additional 416 shares during the period. Finally, Suntrust Banks Inc. raised its position in DigitalGlobe by 2.9% in the first quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock worth $553,000 after buying an additional 475 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.
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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