Analysts predict that DigitalBridge Group, Inc. (NYSE:DBRG) will announce $0.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for DigitalBridge Group’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.05. DigitalBridge Group posted earnings of ($0.22) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 109.1%. The firm is expected to report its next earnings results on Friday, November 5th.
On average, analysts expect that DigitalBridge Group will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.02) to $0.12. For the next fiscal year, analysts expect that the business will report earnings of $0.14 per share, with EPS estimates ranging from ($0.09) to $0.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover DigitalBridge Group.
DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Thursday, August 5th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). DigitalBridge Group had a negative net margin of 56.14% and a negative return on equity of 4.68%.
Institutional investors have recently modified their holdings of the business. Evoke Wealth LLC purchased a new position in DigitalBridge Group during the 2nd quarter valued at $25,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $27,000. Sandy Spring Bank bought a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $32,000. Parallel Advisors LLC bought a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $35,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $37,000. 84.98% of the stock is currently owned by institutional investors and hedge funds.
DBRG stock opened at $6.52 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of -4.10 and a beta of 1.90. DigitalBridge Group has a one year low of $2.24 and a one year high of $8.69. The business’s 50 day simple moving average is $6.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.35 and a quick ratio of 1.35.
About DigitalBridge Group
DigitalBridge Group, Inc is a real estate investment trust, which engages in the acquisition and management of properties. It operates through the following segments: Digital Investment Management, Digital Operating, Digital Other, Wellness Infrastructure, and Other. The Digital Investment Management segment is composed of balance sheet equity interests in digital infrastructure and real estate; and digital infrastructure and real estate investment management business.
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