Digi International (NASDAQ:DGII) released its earnings results on Thursday. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07, Morningstar.com reports. Digi International had a net margin of 0.98% and a return on equity of 1.50%. The company had revenue of $65.66 million for the quarter, compared to analyst estimates of $61.90 million. During the same quarter last year, the firm earned $0.16 EPS. Digi International updated its Q1 2019 guidance to $-0.03-0.01 EPS and its FY 2019 guidance to $0.20-0.35 EPS.
Digi International stock traded up $0.28 during trading hours on Friday, reaching $11.87. The stock had a trading volume of 17,226 shares, compared to its average volume of 77,942. The firm has a market cap of $316.29 million, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.39 and a beta of 1.45. Digi International has a 52 week low of $9.29 and a 52 week high of $14.70.
Several equities analysts recently commented on the stock. BidaskClub lowered shares of Digi International from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Lake Street Capital set a $16.00 target price on shares of Digi International and gave the company a “buy” rating in a report on Thursday, September 27th. Dougherty & Co reaffirmed a “buy” rating and set a $16.50 target price (up previously from $14.00) on shares of Digi International in a report on Tuesday, September 25th. Finally, Canaccord Genuity increased their target price on shares of Digi International from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 17th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.90.
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Digi International Company Profile
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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