Analysts forecast that Digi International Inc. (NASDAQ:DGII) will report earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Digi International’s earnings. Digi International reported earnings of $0.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 120%. The firm is expected to issue its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Digi International will report full year earnings of $0.15 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.35 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Digi International.

Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, January 25th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Digi International had a return on equity of 1.91% and a net margin of 1.34%. The business had revenue of $45.20 million during the quarter, compared to the consensus estimate of $45.58 million. During the same period in the prior year, the business earned $0.08 EPS. The business’s revenue was up .0% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. TheStreet cut shares of Digi International from a “b-” rating to a “c” rating in a report on Thursday, January 25th. Roth Capital assumed coverage on shares of Digi International in a report on Friday. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research cut Digi International from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub raised Digi International from a “strong sell” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Sidoti cut 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. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Digi International has a consensus rating of “Hold” and a consensus price target of $14.00.

Shares of Digi International (NASDAQ DGII) traded up $0.30 during midday trading on Monday, reaching $10.70. 182,973 shares of the company’s stock were exchanged, compared to its average volume of 91,517. Digi International has a 1 year low of $8.50 and a 1 year high of $13.35. The company has a market capitalization of $281.10, a PE ratio of 118.90 and a beta of 1.48.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans raised its holdings in shares of Digi International by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,830 shares of the technology company’s stock valued at $161,000 after buying an additional 910 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Digi International by 2.0% during the second quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after buying an additional 1,075 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after buying an additional 1,464 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Digi International by 6.7% during the second quarter. TIAA CREF Investment Management LLC now owns 128,218 shares of the technology company’s stock valued at $1,301,000 after buying an additional 8,056 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Digi International by 5.1% during the second quarter. State Street Corp now owns 729,474 shares of the technology company’s stock valued at $7,399,000 after buying an additional 35,133 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors.

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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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