Wall Street brokerages expect that Digital Turbine Inc (NASDAQ:APPS) will report earnings of $0.10 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Digital Turbine’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.09. Digital Turbine reported earnings of $0.05 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The company is expected to report its next quarterly earnings results on Monday, August 3rd.
According to Zacks, analysts expect that Digital Turbine will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.39 to $0.42. For the next financial year, analysts anticipate that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.42 to $0.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Digital Turbine.
Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Tuesday, June 2nd. The software maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Digital Turbine had a net margin of 10.02% and a return on equity of 26.09%. The company had revenue of $39.35 million for the quarter, compared to the consensus estimate of $38.40 million.
Several brokerages recently commented on APPS. Zacks Investment Research raised shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Monday, June 8th. B. Riley raised their price target on shares of Digital Turbine from $7.00 to $9.50 in a report on Wednesday, June 3rd. BidaskClub raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Roth Capital raised their price target on shares of Digital Turbine from $9.50 to $13.00 in a report on Thursday, June 25th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $11.75.
Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC bought a new stake in Digital Turbine during the 4th quarter worth approximately $76,000. Jefferies Group LLC bought a new stake in Digital Turbine during the 4th quarter worth approximately $134,000. UBS Asset Management Americas Inc. bought a new stake in Digital Turbine during the 4th quarter worth approximately $422,000. Citigroup Inc. raised its stake in Digital Turbine by 196.3% during the 1st quarter. Citigroup Inc. now owns 61,032 shares of the software maker’s stock worth $263,000 after acquiring an additional 40,431 shares during the period. Finally, State Street Corp raised its stake in Digital Turbine by 5.8% during the 1st quarter. State Street Corp now owns 1,955,369 shares of the software maker’s stock worth $8,428,000 after acquiring an additional 107,577 shares during the period. 54.12% of the stock is currently owned by institutional investors.
Shares of APPS stock opened at $11.87 on Tuesday. Digital Turbine has a one year low of $3.48 and a one year high of $12.06. The company’s 50-day moving average is $8.14 and its 200 day moving average is $6.64. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 79.13 and a beta of 1.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 0.71.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. It provides Ignite, a software platform that enables mobile operators and OEMs to control, manage, and monetize devices.
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