Digi International Inc. (NASDAQ:DGII) – Investment analysts at First Analysis issued their Q2 2018 EPS estimates for shares of Digi International in a research note issued on Friday. First Analysis analyst H. Smith anticipates that the technology company will post earnings per share of $0.06 for the quarter. First Analysis also issued estimates for Digi International’s FY2019 earnings at $0.38 EPS.
Digi International (NASDAQ:DGII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The business had revenue of $45.10 million for the quarter, compared to analyst estimates of $45.66 million. Digi International had a net margin of 5.16% and a return on equity of 3.24%. The company’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share.
A number of other equities research analysts also recently issued reports on DGII. Zacks Investment Research downgraded Digi International from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet upgraded Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th. Canaccord Genuity reiterated a “buy” rating on shares of Digi International in a report on Friday, October 27th. Sidoti downgraded Digi International from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Monday, October 16th. Finally, BidaskClub downgraded Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in DGII. Ameriprise Financial Inc. boosted its position in Digi International by 12.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 599,573 shares of the technology company’s stock valued at $6,086,000 after acquiring an additional 65,430 shares in the last quarter. State Street Corp boosted its position in Digi International by 5.1% during the 2nd quarter. State Street Corp now owns 729,474 shares of the technology company’s stock valued at $7,399,000 after acquiring an additional 35,133 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Digi International by 72.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 76,440 shares of the technology company’s stock valued at $776,000 after acquiring an additional 32,050 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Digi International by 37.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 102,366 shares of the technology company’s stock valued at $1,039,000 after acquiring an additional 27,700 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in Digi International during the 1st quarter valued at $148,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.
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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