Brokerages Expect Digital Turbine Inc (APPS) to Post -$0.02 Earnings Per Share

Wall Street brokerages forecast that Digital Turbine Inc (NASDAQ:APPS) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Digital Turbine’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). Digital Turbine reported earnings of ($0.08) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The firm is expected to report its next earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that Digital Turbine will report full-year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.18). For the next year, analysts anticipate that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.03) to $0.00. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Digital Turbine.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The company had revenue of $27.90 million during the quarter, compared to analyst estimates of $26.96 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Digital Turbine’s revenue was up 22.4% on a year-over-year basis.

APPS has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and issued a $2.00 target price (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. ValuEngine downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1.85.

In related news, CEO William Gordon Stone III acquired 50,000 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $1.56 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Unterberg Capital LLC raised its holdings in shares of Digital Turbine by 237.5% during the third quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock valued at $2,039,000 after acquiring an additional 950,000 shares in the last quarter. Perkins Capital Management Inc. boosted its position in shares of Digital Turbine by 5.5% during the third quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock valued at $1,376,000 after buying an additional 47,500 shares during the last quarter. P.A.W. Capital Corp boosted its position in shares of Digital Turbine by 5.0% during the third quarter. P.A.W. Capital Corp now owns 840,000 shares of the software maker’s stock valued at $1,268,000 after buying an additional 40,000 shares during the last quarter. Trellus Management Company LLC lifted its holdings in Digital Turbine by 16.8% in the third quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after acquiring an additional 100,689 shares during the period. Finally, Essex Investment Management Co. LLC bought a new position in Digital Turbine in the third quarter valued at about $665,000. Institutional investors own 20.66% of the company’s stock.

Shares of Digital Turbine (NASDAQ APPS) traded up $0.05 during midday trading on Friday, hitting $2.11. The stock had a trading volume of 214,703 shares, compared to its average volume of 600,865. Digital Turbine has a 52 week low of $0.69 and a 52 week high of $2.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $139.77, a price-to-earnings ratio of -6.87 and a beta of 1.52.

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About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

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