Zacks: Analysts Expect Digimarc (DMRC) Will Announce Quarterly Sales of $5.48 Million

Equities analysts expect Digimarc (NASDAQ:DMRC) to report sales of $5.48 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Digimarc’s earnings, with the highest sales estimate coming in at $6.00 million and the lowest estimate coming in at $5.10 million. Digimarc reported sales of $6.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 10%. The company is expected to report its next earnings results on Wednesday, April 25th.

On average, analysts expect that Digimarc will report full year sales of $5.48 million for the current fiscal year, with estimates ranging from $22.92 million to $23.68 million. For the next fiscal year, analysts forecast that the company will post sales of $30.23 million per share, with estimates ranging from $28.68 million to $31.78 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Digimarc.

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Digimarc (NASDAQ:DMRC) last released its earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.03). Digimarc had a negative return on equity of 33.46% and a negative net margin of 102.21%. The business had revenue of $4.90 million for the quarter, compared to analyst estimates of $5.26 million. During the same quarter in the previous year, the firm posted ($0.57) EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis.

Several equities research analysts have recently commented on DMRC shares. BidaskClub raised Digimarc from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine raised Digimarc from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Needham & Company LLC decreased their price target on Digimarc from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Finally, National Securities set a $43.00 price target on Digimarc and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.75.

In other news, CEO Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $30.53, for a total transaction of $152,650.00. Following the sale, the chief executive officer now owns 92,014 shares of the company’s stock, valued at approximately $2,809,187.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in DMRC. State Street Corp lifted its stake in Digimarc by 4.7% in the 2nd quarter. State Street Corp now owns 167,370 shares of the information technology services provider’s stock valued at $6,718,000 after buying an additional 7,581 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Digimarc by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after buying an additional 540 shares in the last quarter. Lagoda Investment Management L.P. lifted its stake in Digimarc by 3.1% in the 3rd quarter. Lagoda Investment Management L.P. now owns 687,296 shares of the information technology services provider’s stock valued at $25,155,000 after buying an additional 20,750 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Digimarc by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock valued at $2,936,000 after buying an additional 3,289 shares in the last quarter. Finally, Pratt Collard Advisory Partners LLC purchased a new stake in Digimarc in the 4th quarter valued at approximately $5,016,000. 56.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:DMRC traded down $0.40 during trading on Friday, hitting $25.05. 49,674 shares of the stock were exchanged, compared to its average volume of 72,066. The firm has a market capitalization of $296.84, a price-to-earnings ratio of -10.27 and a beta of -0.99. Digimarc has a 12-month low of $22.85 and a 12-month high of $41.75.

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Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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Earnings History and Estimates for Digimarc (NASDAQ:DMRC)

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