Analysts Anticipate Digi International Inc. (NASDAQ:DGII) to Announce $0.01 EPS

Analysts predict that Digi International Inc. (NASDAQ:DGII) will report earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Digi International’s earnings, with estimates ranging from $0.00 to $0.03. Digi International posted earnings per share of $0.04 during the same quarter last year, which indicates a negative year-over-year growth rate of 75%. The company is expected to issue its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Digi International will report full year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.46 to $0.74. For the next financial year, analysts forecast that the firm will post earnings of $0.91 per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Digi International.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $64.96 million during the quarter, compared to the consensus estimate of $63.20 million. Digi International had a return on equity of 2.56% and a net margin of 3.92%.

Several equities research analysts have commented on DGII shares. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Digi International in a research note on Thursday, November 14th. Craig Hallum lifted their price objective on Digi International from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 15th. ValuEngine raised Digi International from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird began coverage on Digi International in a report on Friday, November 1st. They set an “outperform” rating and a $19.00 target price for the company. Finally, BidaskClub raised shares of Digi International from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Digi International has a consensus rating of “Buy” and an average price target of $20.17.

In other Digi International news, insider Kevin C. Riley sold 95,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $18.17, for a total value of $1,726,150.00. Following the transaction, the insider now directly owns 141,670 shares of the company’s stock, valued at $2,574,143.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael A. Ueland sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.34, for a total value of $183,400.00. Following the completion of the transaction, the insider now directly owns 77,128 shares in the company, valued at $1,414,527.52. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DGII. Arizona State Retirement System boosted its holdings in Digi International by 2.0% in the second quarter. Arizona State Retirement System now owns 43,525 shares of the technology company’s stock valued at $552,000 after purchasing an additional 833 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Digi International by 8.2% during the third quarter. Rhumbline Advisers now owns 91,935 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 6,978 shares during the period. California Public Employees Retirement System raised its holdings in shares of Digi International by 13.2% during the third quarter. California Public Employees Retirement System now owns 67,711 shares of the technology company’s stock worth $922,000 after purchasing an additional 7,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Digi International by 32.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,676 shares of the technology company’s stock worth $275,000 after purchasing an additional 5,325 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Digi International by 288.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,811 shares of the technology company’s stock worth $161,000 after buying an additional 8,774 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Shares of Digi International stock opened at $17.85 on Friday. The business’s fifty day moving average price is $15.71 and its 200 day moving average price is $13.49. Digi International has a twelve month low of $9.28 and a twelve month high of $18.99. The stock has a market capitalization of $505.13 million, a P/E ratio of 27.46, a PEG ratio of 1.91 and a beta of 1.69.

Digi International Company Profile

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT 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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