Digi International (DGII) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Share on StockTwits

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.

Institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC grew its holdings in Digi International by 58.7% during the third quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock worth $267,000 after purchasing an additional 7,343 shares during the period. Loomis Sayles & Co. L P grew its holdings in Digi International by 3.4% during the third quarter. Loomis Sayles & Co. L P now owns 558,549 shares of the technology company’s stock worth $7,512,000 after purchasing an additional 18,168 shares during the period. Bank of New York Mellon Corp grew its holdings in Digi International by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 349,957 shares of the technology company’s stock worth $4,707,000 after purchasing an additional 9,956 shares during the period. Gilder Gagnon Howe & Co. LLC grew its holdings in Digi International by 9.3% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,110,907 shares of the technology company’s stock worth $14,942,000 after purchasing an additional 94,943 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Digi International by 8.9% during the second quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock worth $832,000 after purchasing an additional 5,175 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3945011/digi-international-dgii-posts-quarterly-earnings-results-beats-estimates-by-0-07-eps.html.

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.

See Also: Trading Penny Stocks

Earnings History for Digi International (NASDAQ:DGII)

Receive News & Ratings for Digi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MONDI/PAR VTG FPD 0.2  Receives GBX 2,475 Consensus Price Target from Brokerages
MONDI/PAR VTG FPD 0.2 Receives GBX 2,475 Consensus Price Target from Brokerages
Hercules Capital  Sets New 1-Year Low at $11.51
Hercules Capital Sets New 1-Year Low at $11.51
Comcast Hld Cnv Nt Debent  Hits New 52-Week Low at $48.54
Comcast Hld Cnv Nt Debent Hits New 52-Week Low at $48.54
FLO  Hits Market Capitalization of $3.96 Million
FLO Hits Market Capitalization of $3.96 Million
Basic Attention Token 1-Day Trading Volume Hits $3.91 Million
Basic Attention Token 1-Day Trading Volume Hits $3.91 Million
John Bello Acquires 10,000 Shares of Reed’s, Inc.  Stock
John Bello Acquires 10,000 Shares of Reed’s, Inc. Stock


© 2006-2018 Ticker Report