Zacks: Analysts Expect Digital Turbine Inc (APPS) to Post $0.02 EPS

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Equities research analysts expect that Digital Turbine Inc (NASDAQ:APPS) will announce earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Digital Turbine’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.01. Digital Turbine reported earnings per share of ($0.01) in the same quarter last year, which suggests a positive year over year growth rate of 300%. The business is scheduled to report its next quarterly earnings results on Tuesday, June 11th.

According to Zacks, analysts expect that Digital Turbine will report full-year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.08. For the next financial year, analysts anticipate that the business will post earnings of $0.12 per share, with EPS estimates ranging from $0.08 to $0.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Digital Turbine.

Several research analysts recently commented on the company. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Wednesday, April 10th. B. Riley reissued a “buy” rating and set a $4.00 price target (up from $2.90) on shares of Digital Turbine in a research report on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $4.00.

NASDAQ APPS traded down $0.13 during trading hours on Thursday, hitting $3.96. 577,715 shares of the company traded hands, compared to its average volume of 864,947. Digital Turbine has a twelve month low of $1.12 and a twelve month high of $4.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $324.15 million, a PE ratio of -44.00 and a beta of 1.79.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of Digital Turbine by 290.9% during the first quarter. Jane Street Group LLC now owns 46,152 shares of the software maker’s stock worth $162,000 after purchasing an additional 34,344 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Digital Turbine during the first quarter worth approximately $240,000. RMB Capital Management LLC bought a new position in shares of Digital Turbine during the first quarter worth approximately $482,000. Morgan Stanley increased its stake in shares of Digital Turbine by 161.0% during the first quarter. Morgan Stanley now owns 126,416 shares of the software maker’s stock worth $442,000 after purchasing an additional 77,972 shares during the period. Finally, Jefferies Group LLC bought a new position in shares of Digital Turbine during the first quarter worth approximately $132,000. 18.49% of the stock is owned by institutional investors.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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