-$0.74 Earnings Per Share Expected for Digimarc Corp (DMRC) This Quarter

Brokerages forecast that Digimarc Corp (NASDAQ:DMRC) will post earnings of ($0.74) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Digimarc’s earnings, with estimates ranging from ($0.77) to ($0.71). Digimarc reported earnings of ($0.57) per share during the same quarter last year, which suggests a negative year over year growth rate of 29.8%. The business is expected to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Digimarc will report full year earnings of ($2.32) per share for the current fiscal year, with EPS estimates ranging from ($2.41) to ($2.07). For the next fiscal year, analysts forecast that the firm will post earnings of ($2.69) per share, with EPS estimates ranging from ($3.10) to ($2.36). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Digimarc.

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

Several analysts recently issued reports on DMRC shares. Zacks Investment Research cut shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Digimarc in a report on Tuesday, November 14th. BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Cowen set a $50.00 target price on shares of Digimarc and gave the stock a “buy” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Digimarc presently has a consensus rating of “Hold” and an average price target of $45.33.

Digimarc (DMRC) traded up $0.45 during mid-day trading on Friday, hitting $37.00. 59,688 shares of the stock were exchanged, compared to its average volume of 56,151. The stock has a market capitalization of $419.17, a PE ratio of -16.44 and a beta of -1.19. Digimarc has a twelve month low of $24.20 and a twelve month high of $41.75.

In other Digimarc news, EVP Joel Meyer sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total transaction of $245,210.00. Following the completion of the transaction, the executive vice president now directly owns 63,551 shares in the company, valued at approximately $2,226,191.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $35.71, for a total transaction of $178,550.00. Following the sale, the chief executive officer now owns 92,014 shares of the company’s stock, valued at $3,285,819.94. The disclosure for this sale can be found here. Insiders sold a total of 41,444 shares of company stock valued at $1,480,616 in the last 90 days. Company insiders own 7.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DMRC. Janney Montgomery Scott LLC lifted its position in shares of Digimarc by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock worth $2,936,000 after purchasing an additional 3,289 shares in the last quarter. Lagoda Investment Management L.P. grew its position in shares of Digimarc by 3.1% during the third quarter. Lagoda Investment Management L.P. now owns 687,296 shares of the information technology services provider’s stock worth $25,155,000 after acquiring an additional 20,750 shares during the last quarter. Formula Growth Ltd. bought a new position in shares of Digimarc during the third quarter worth about $3,614,000. Suffolk Capital Management LLC bought a new position in shares of Digimarc during the third quarter worth about $1,336,000. Finally, Baillie Gifford & Co. grew its position in shares of Digimarc by 3.4% during the third quarter. Baillie Gifford & Co. now owns 261,462 shares of the information technology services provider’s stock worth $9,570,000 after acquiring an additional 8,564 shares during the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.

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Digimarc Company Profile

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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