Todays Report: The Digi International Inc. (DGII) Releases Q1 Earnings Guidance

The Digi International Inc. (DGII) Releases Q1 Earnings Guidance

Digi International Inc. (NASDAQ:DGII) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.06-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $45-48 million, compared to the consensus revenue estimate of $51.55 million.Digi International also updated its FY17 guidance to $0.38-0.46 EPS.

DGII has been the topic of several analyst reports. Canaccord Genuity reissued a buy rating on shares of Digi International in a report on Friday. Zacks Investment Research raised Digi International from a hold rating to a strong-buy rating and set a $13.00 target price on the stock in a report on Monday, August 1st. Finally, Sidoti downgraded Digi International from a buy rating to a neutral rating in a report on Wednesday, August 24th.

Digi International Inc. (NASDAQ:DGII) opened at 9.70 on Monday. Digi International Inc. has a one year low of $7.70 and a one year high of $13.52. The company has a market capitalization of $251.82 million, a P/E ratio of 15.93 and a beta of 1.24. The stock’s 50 day moving average price is $11.21 and its 200-day moving average price is $10.97.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Digi International had a return on equity of 4.41% and a net margin of 8.23%. The firm had revenue of $50.45 million for the quarter, compared to the consensus estimate of $42.85 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts forecast that Digi International Inc. will post $0.42 EPS for the current year.

Several large investors have recently modified their holdings of DGII. Arizona State Retirement System increased its stake in shares of Digi International by 2.3% in the second quarter. Arizona State Retirement System now owns 13,441 shares of the company’s stock valued at $144,000 after buying an additional 300 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Digi International by 15.0% in the second quarter. Parametric Portfolio Associates LLC now owns 282,109 shares of the company’s stock valued at $3,027,000 after buying an additional 36,761 shares during the last quarter. State Street Corp increased its position in Digi International by 6.8% in the second quarter. State Street Corp now owns 650,302 shares of the company’s stock valued at $6,976,000 after buying an additional 41,534 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Digi International by 6.2% in the second quarter. Thrivent Financial for Lutherans now owns 12,560 shares of the company’s stock valued at $135,000 after buying an additional 730 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in Digi International by 9.1% in the second quarter. Teachers Advisors Inc. now owns 39,648 shares of the company’s stock valued at $425,000 after buying an additional 3,313 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

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