Zacks: Analysts Expect Digimarc Corporation (DMRC) Will Announce Quarterly Sales of $5.34 Million

Equities research analysts expect Digimarc Corporation (NASDAQ:DMRC) to report sales of $5.34 million for the current quarter, according to Zacks. Three analysts have issued estimates for Digimarc’s earnings, with estimates ranging from $5.26 million to $5.47 million. Digimarc reported sales of $5.18 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The company is expected to report its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Digimarc will report full year sales of $5.34 million for the current fiscal year, with estimates ranging from $22.76 million to $25.64 million. For the next year, analysts expect that the firm will report sales of $25.57 million per share, with estimates ranging from $22.92 million to $30.53 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Digimarc.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.30. Digimarc had a negative return on equity of 30.98% and a negative net margin of 90.69%. The business had revenue of $8.68 million for the quarter, compared to analysts’ expectations of $5.72 million. During the same quarter in the previous year, the firm earned ($0.55) earnings per share. The business’s revenue was up 55.6% compared to the same quarter last year.

DMRC has been the topic of a number of research analyst reports. B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Digimarc in a research report on Tuesday, November 14th. Zacks Investment Research cut Digimarc from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Cowen restated a “buy” rating and issued a $50.00 price target on shares of Digimarc in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.33.

In related news, Director Bernard Whitney sold 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the director now owns 33,630 shares in the company, valued at approximately $1,177,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the completion of the transaction, the executive vice president now owns 63,551 shares in the company, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $778,160 in the last 90 days. 7.50% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. American International Group Inc. boosted its holdings in Digimarc by 8.1% in the 1st quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 391 shares in the last quarter. Wolverine Trading LLC purchased a new stake in Digimarc in the 2nd quarter valued at approximately $272,000. Alliancebernstein L.P. purchased a new stake in Digimarc in the 2nd quarter valued at approximately $301,000. The Manufacturers Life Insurance Company boosted its holdings in Digimarc by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 540 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Digimarc by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.

Shares of Digimarc (DMRC) opened at $36.25 on Friday. Digimarc has a 52-week low of $24.20 and a 52-week high of $41.75.

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About Digimarc

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

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Earnings History and Estimates for Digimarc (NASDAQ:DMRC)

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