DigitalBridge Group (DBRG) Set to Announce Earnings on Tuesday

DigitalBridge Group (NYSE:DBRG) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $287.41 million. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. On average, analysts expect DigitalBridge Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $17.13 on Tuesday. The business has a fifty day moving average price of $18.57 and a 200 day moving average price of $17.74. DigitalBridge Group has a 1-year low of $10.20 and a 1-year high of $20.99. The stock has a market capitalization of $2.80 billion, a P/E ratio of 34.96 and a beta of 1.91.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.16%.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.08.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.