-$0.05 EPS Expected for DigitalGlobe, Inc (DGI) This Quarter
Analysts expect DigitalGlobe, Inc (NYSE:DGI) to report ($0.05) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for DigitalGlobe’s earnings, with estimates ranging from ($0.08) to ($0.03). DigitalGlobe posted earnings per share of $0.21 in the same quarter last year, which indicates a negative year-over-year growth rate of 123.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that DigitalGlobe will report full year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.13) to ($0.06). For the next fiscal year, analysts forecast that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.12 to $0.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for DigitalGlobe.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.07. The business had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The business’s revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share.
A number of equities analysts have weighed in on DGI shares. BidaskClub downgraded shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $34.00 in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.75.
Shares of DigitalGlobe (DGI) traded down 0.359% during mid-day trading on Tuesday, reaching $34.675. 229,399 shares of the company were exchanged. DigitalGlobe has a 12 month low of $23.95 and a 12 month high of $35.95. The firm has a 50-day moving average price of $34.39 and a 200 day moving average price of $32.84. The stock has a market capitalization of $2.16 billion, a P/E ratio of 1019.853 and a beta of 1.01.
Several large investors have recently modified their holdings of DGI. Suntrust Banks Inc. grew its position in shares of DigitalGlobe by 2.9% during the 1st quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock worth $553,000 after buying an additional 475 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of DigitalGlobe by 54.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 36,084 shares of the technology company’s stock worth $1,182,000 after buying an additional 12,715 shares during the period. Gamco Investors INC. ET AL grew its position in shares of DigitalGlobe by 27.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 49,263 shares of the technology company’s stock worth $1,613,000 after buying an additional 10,486 shares during the period. Gabelli Funds LLC grew its position in shares of DigitalGlobe by 56.8% during the 1st quarter. Gabelli Funds LLC now owns 75,241 shares of the technology company’s stock worth $2,464,000 after buying an additional 27,241 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of DigitalGlobe during the 1st quarter worth approximately $293,000. Institutional investors own 96.26% of the company’s stock.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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