Analysts expect Digi International Inc. (NASDAQ:DGII) to report $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Digi International’s earnings. Digi International reported earnings per share of $0.14 during the same quarter last year, which suggests a negative year over year growth rate of 42.9%. The firm is expected to issue its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Digi International will report full-year earnings of $0.30 per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of $0.42 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Digi International.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $45.70 million during the quarter, compared to the consensus estimate of $45.67 million. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS.
Several equities analysts recently issued reports on DGII shares. Zacks Investment Research upgraded shares of Digi International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 1st. Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Digi International in a research report on Friday, July 28th. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. Benchmark Co. started coverage on shares of Digi International in a report on Tuesday, April 25th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, TheStreet cut shares of Digi International from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.
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A number of large investors have recently made changes to their positions in DGII. State Street Corp boosted its stake in shares of Digi International by 5.1% in the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock worth $7,399,000 after buying an additional 35,133 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Digi International by 12.2% in the second quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock worth $6,086,000 after buying an additional 65,430 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Digi International by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 478,009 shares of the technology company’s stock worth $5,689,000 after buying an additional 3,433 shares during the period. Geode Capital Management LLC boosted its stake in shares of Digi International by 2.9% in the first quarter. Geode Capital Management LLC now owns 212,705 shares of the technology company’s stock worth $2,531,000 after buying an additional 6,068 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of Digi International by 13.2% in the first quarter. Gabelli Funds LLC now owns 171,342 shares of the technology company’s stock worth $2,039,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 76.88% of the company’s stock.
Shares of Digi International (DGII) traded down 0.56% during mid-day trading on Thursday, hitting $8.85. The stock had a trading volume of 99,789 shares. The firm has a market capitalization of $234.87 million, a price-to-earnings ratio of 26.90 and a beta of 1.45. Digi International has a 1-year low of $8.80 and a 1-year high of $14.15. The stock’s 50-day moving average is $9.83 and its 200 day moving average is $11.03.
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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