-$0.04 Earnings Per Share Expected for Digi International Inc. (DGII) This Quarter

Analysts forecast that Digi International Inc. (NASDAQ:DGII) will report ($0.04) earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Digi International’s earnings. Digi International posted earnings per share of $0.08 in the same quarter last year, which suggests a negative year-over-year growth rate of 150%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, January 25th.

On average, analysts expect that Digi International will report full year earnings of $0.25 per share for the current financial year. For the next year, analysts expect that the firm will post earnings of $0.38 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Digi International.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The company 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%. Digi International’s revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Digi International from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet raised shares of Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Sidoti downgraded shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Monday, October 16th. Canaccord Genuity reaffirmed a “buy” rating on shares of Digi International in a research report on Friday, October 27th. Finally, BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.00.

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of 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 during the period. Ameriprise Financial Inc. grew its position in shares of 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 during the period. Teachers Advisors LLC grew its position in shares of Digi International by 3.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after acquiring an additional 1,464 shares during the period. Rhumbline Advisers grew its position in shares of Digi International by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after acquiring an additional 1,075 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in shares of Digi International by 6.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock valued at $161,000 after acquiring an additional 910 shares during the period. 77.41% of the stock is owned by hedge funds and other institutional investors.

Digi International (NASDAQ:DGII) opened at $9.95 on Friday. The stock has a market cap of $268.63, a price-to-earnings ratio of 28.43 and a beta of 1.44. Digi International has a fifty-two week low of $8.50 and a fifty-two week high of $14.00.

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Digi International Company Profile

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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