Digi International (NASDAQ:DGII - Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.470-0.510 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $103.0 million-$107.0 million, compared to the consensus revenue estimate of $112.7 million. Digi International also updated its Q3 guidance to $0.47-0.51 EPS.
Analyst Upgrades and Downgrades
Separately, Stephens increased their price objective on Digi International from $40.00 to $45.00 and gave the company an overweight rating in a research note on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $36.33.
Read Our Latest Stock Analysis on DGII
Digi International Stock Up 0.2 %
Shares of DGII stock traded up $0.06 during mid-day trading on Wednesday, reaching $30.72. 208,924 shares of the company's stock traded hands, compared to its average volume of 176,031. The company's 50-day moving average price is $30.32 and its 200-day moving average price is $27.13. Digi International has a 12 month low of $21.25 and a 12 month high of $42.95. The company has a market cap of $1.11 billion, a P/E ratio of 71.44, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.36.
Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The company had revenue of $106.09 million for the quarter, compared to analysts' expectations of $105.75 million. Digi International had a net margin of 3.61% and a return on equity of 11.87%. On average, equities analysts expect that Digi International will post 1.8 earnings per share for the current fiscal year.
Digi International Company Profile
(
Get Free Report)
Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, 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.
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