Digi International (DGII) Scheduled to Post Earnings on Wednesday

Digi International (NASDAQ:DGII) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Digi International to post earnings of $0.40 per share for the quarter. Digi International has set its Q2 guidance at $0.45-0.49 EPS and its Q2 2024 guidance at 0.450-0.490 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The company had revenue of $106.09 million during the quarter, compared to analysts’ expectations of $105.75 million. On average, analysts expect Digi International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Digi International Stock Performance

DGII opened at $30.40 on Wednesday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 70.70, a PEG ratio of 0.96 and a beta of 1.21. The business has a 50 day moving average of $30.27 and a 200-day moving average of $26.92. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.36. Digi International has a 12-month low of $21.25 and a 12-month high of $42.95.

Wall Street Analyst Weigh In

Separately, Stephens lifted their price target on Digi International from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.33.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.