DigitalGlobe, Inc (DGI) Expected to Post Earnings of -$0.08 Per Share
Wall Street brokerages forecast that DigitalGlobe, Inc (NYSE:DGI) will report earnings per share (EPS) of ($0.08) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for DigitalGlobe’s earnings. DigitalGlobe reported earnings of $0.21 per share during the same quarter last year, which would suggest a negative year over year growth rate of 138.1%. The firm is scheduled to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that DigitalGlobe will report full year earnings of ($0.13) per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $0.35 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for DigitalGlobe.
DigitalGlobe (NYSE:DGI) last released its earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $209.13 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 28.6% on a year-over-year basis.
A number of equities research analysts have recently weighed in on DGI shares. BidaskClub cut DigitalGlobe from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Piper Jaffray Companies cut DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price target for the company from $37.00 to $34.00 in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.90.
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A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in DigitalGlobe by 1.4% during the second quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock worth $256,000 after purchasing an additional 110 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in DigitalGlobe by 6.2% during the second quarter. Public Employees Retirement System of Ohio now owns 3,066 shares of the technology company’s stock worth $102,000 after purchasing an additional 180 shares in the last quarter. Prudential Financial Inc. raised its holdings in DigitalGlobe by 3.9% during the second quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock worth $239,000 after purchasing an additional 270 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in DigitalGlobe by 6.6% during the second quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock worth $349,000 after purchasing an additional 649 shares in the last quarter. Finally, Alpha Windward LLC raised its holdings in DigitalGlobe by 4.8% during the second quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock worth $480,000 after purchasing an additional 660 shares in the last quarter. 96.28% of the stock is currently owned by hedge funds and other institutional investors.
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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