Analysts Issue Forecasts for Digi International Inc.’s Q3 2018 Earnings (DGII)

Digi International Inc. (NASDAQ:DGII) – Stock analysts at First Analysis issued their Q3 2018 earnings estimates for Digi International in a research report issued to clients and investors on Friday. First Analysis analyst H. Smith anticipates that the technology company will post earnings per share of $0.07 for the quarter. First Analysis also issued estimates for Digi International’s FY2018 earnings at $0.15 EPS and FY2019 earnings at $0.35 EPS.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The company had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $45.58 million. Digi International had a net margin of 1.34% and a return on equity of 1.92%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating on shares of Digi International in a report on Friday, October 27th. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Digi International from a “hold” rating to a “sell” rating in a report on Friday. Sidoti raised shares of Digi International from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Finally, TheStreet raised shares of Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.75.

Shares of Digi International (NASDAQ DGII) opened at $10.40 on Monday. The stock has a market cap of $278.68, a PE ratio of 115.57 and a beta of 1.44. Digi International has a 1-year low of $8.50 and a 1-year high of $14.00.

Several institutional investors and hedge funds have recently bought and sold shares of DGII. Ameriprise Financial Inc. boosted its holdings in shares of Digi International by 12.2% in the second quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock worth $6,086,000 after buying an additional 65,430 shares during the last quarter. State Street Corp boosted its holdings in shares of Digi International by 5.1% in the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after buying an additional 35,133 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Digi International by 6.7% in the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock worth $1,301,000 after buying an additional 8,056 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Digi International by 3.5% in the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock worth $436,000 after buying an additional 1,464 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Digi International by 2.0% in the second quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock worth $553,000 after buying an additional 1,075 shares during the last quarter. 77.42% of the stock is currently owned by institutional investors.

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Digi International Company Profile

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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