Digi International Inc. (DGII) Expected to Announce Earnings of $0.06 Per Share

Equities research analysts expect Digi International Inc. (NASDAQ:DGII) to report earnings of $0.06 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Digi International’s earnings. Digi International posted earnings per share of $0.05 during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Digi International will report full-year earnings of $0.15 per share for the current year. For the next financial year, analysts expect that the company will report earnings of $0.35 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Digi International.

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

A number of research firms have commented on DGII. Zacks Investment Research downgraded Digi International from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub upgraded Digi International from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 13th. TheStreet upgraded Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Sidoti downgraded Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Monday, October 16th. Finally, Canaccord Genuity restated a “buy” rating on shares of Digi International in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Digi International currently has an average rating of “Hold” and a consensus target price of $13.75.

Shares of Digi International (NASDAQ:DGII) opened at $10.40 on Monday. Digi International has a 1 year low of $8.50 and a 1 year high of $14.00. The company has a market capitalization of $278.68, a price-to-earnings ratio of 115.57 and a beta of 1.44.

Several hedge funds have recently bought and sold shares of DGII. Rhumbline Advisers raised its holdings in shares of Digi International by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after buying an additional 1,075 shares during the period. Teachers Advisors LLC raised its holdings in shares of Digi International by 3.5% in the 2nd quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after buying an additional 1,464 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Digi International by 6.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock valued at $1,301,000 after buying an additional 8,056 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Digi International by 12.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock valued at $6,086,000 after buying an additional 65,430 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Digi International by 6.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock valued at $161,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 77.42% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Digi International Inc. (DGII) Expected to Announce Earnings of $0.06 Per Share” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/29/digi-international-inc-dgii-expected-to-announce-earnings-of-0-06-per-share.html.

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.

Get a free copy of the Zacks research report on Digi International (DGII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply