Digi International (DGII) to Release Earnings on Thursday

Digi International (NASDAQ:DGIIGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect Digi International to post earnings of $0.33 per share for the quarter. Digi International has set its Q3 guidance at $0.37-$0.40 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Digi International (NASDAQ:DGIIGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Digi International had a return on equity of 4.56% and a net margin of 3.49%. The company had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $89.43 million. During the same period in the prior year, the company earned $0.09 EPS. Digi International’s revenue was up 22.9% compared to the same quarter last year. On average, analysts expect Digi International to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Digi International Stock Up 5.1 %

Shares of DGII opened at $27.79 on Thursday. Digi International has a 52 week low of $18.54 and a 52 week high of $27.90. The stock has a market capitalization of $975.01 million, a price-to-earnings ratio of 84.21, a PEG ratio of 1.19 and a beta of 1.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.29 and a current ratio of 1.87. The stock has a fifty day moving average of $23.98 and a 200-day moving average of $21.89.

Insiders Place Their Bets

In other Digi International news, VP Terrence G. Schneider sold 12,631 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $21.64, for a total transaction of $273,334.84. Following the completion of the sale, the vice president now directly owns 30,314 shares in the company, valued at approximately $655,994.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Tracy L. Roberts sold 11,250 shares of Digi International stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $25.46, for a total value of $286,425.00. Following the completion of the transaction, the vice president now directly owns 53,957 shares in the company, valued at approximately $1,373,745.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrence G. Schneider sold 12,631 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $21.64, for a total transaction of $273,334.84. Following the transaction, the vice president now owns 30,314 shares of the company’s stock, valued at $655,994.96. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Digi International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in Digi International by 2.9% during the first quarter. Rhumbline Advisers now owns 97,635 shares of the technology company’s stock valued at $2,101,000 after purchasing an additional 2,711 shares during the period. MetLife Investment Management LLC grew its stake in Digi International by 58.5% during the first quarter. MetLife Investment Management LLC now owns 18,052 shares of the technology company’s stock valued at $388,000 after acquiring an additional 6,662 shares in the last quarter. US Bancorp DE grew its stake in shares of Digi International by 13.3% in the 1st quarter. US Bancorp DE now owns 12,666 shares of the technology company’s stock worth $272,000 after buying an additional 1,491 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Digi International by 61.9% in the 1st quarter. Lazard Asset Management LLC now owns 4,350 shares of the technology company’s stock worth $93,000 after buying an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DGII shares. StockNews.com started coverage on Digi International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Stephens started coverage on Digi International in a research report on Wednesday, June 1st. They set an “overweight” rating and a $36.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Digi International Company Profile

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Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.

See Also

Earnings History for Digi International (NASDAQ:DGII)

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