Digi International Inc. (DGII) Set to Announce Earnings on Thursday
Digi International Inc. (NASDAQ:DGII) is set to release its earnings data after the market closes on Thursday, October 26th. Analysts expect Digi International to post earnings of $0.08 per share for the quarter. Digi International has set its Q4 guidance at $0.07-0.10 EPS and its FY17 guidance at $0.26-0.29 EPS.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Digi International had a net margin of 4.74% and a return on equity of 3.17%. The business had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $45.67 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, analysts expect Digi International to post $0.3 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
Shares of Digi International Inc. (NASDAQ:DGII) opened at 10.80 on Thursday. Digi International Inc. has a one year low of $8.50 and a one year high of $14.15. The company has a market cap of $286.62 million, a PE ratio of 32.83 and a beta of 1.49. The firm’s 50-day moving average is $10.16 and its 200-day moving average is $10.21.
DGII has been the topic of a number of research reports. Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Monday. Zacks Investment Research downgraded shares of Digi International from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price target on shares of Digi International in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.
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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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