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.
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.
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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.
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