Digital Turbine, Inc. (NASDAQ:APPS) Expected to Announce Earnings of $0.40 Per Share

Equities research analysts forecast that Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) will post earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Digital Turbine’s earnings, with estimates ranging from $0.39 to $0.41. Digital Turbine reported earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Digital Turbine will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.66 to $1.68. For the next financial year, analysts expect that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $1.74 to $2.51. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Digital Turbine.

APPS has been the subject of several research analyst reports. Macquarie cut their price objective on Digital Turbine from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 9th. StockNews.com started coverage on Digital Turbine in a report on Thursday, March 31st. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $101.20.

Shares of Digital Turbine stock traded up $1.50 during trading on Wednesday, hitting $23.65. The stock had a trading volume of 2,875,336 shares, compared to its average volume of 3,272,564. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $2.29 billion, a P/E ratio of 51.41, a PEG ratio of 0.29 and a beta of 2.34. The business has a fifty day moving average of $34.96 and a two-hundred day moving average of $45.55. Digital Turbine has a fifty-two week low of $21.43 and a fifty-two week high of $93.98.

In other Digital Turbine news, Director Robert M. Deutschman bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was purchased at an average price of $31.66 per share, for a total transaction of $474,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michelle M. Sterling acquired 1,000 shares of Digital Turbine stock in a transaction on Monday, March 7th. The stock was purchased at an average price of $36.79 per share, with a total value of $36,790.00. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APPS. Guardian Wealth Management Inc. bought a new position in shares of Digital Turbine in the 4th quarter worth $26,000. Spire Wealth Management lifted its holdings in Digital Turbine by 675.7% during the fourth quarter. Spire Wealth Management now owns 574 shares of the software maker’s stock worth $35,000 after acquiring an additional 500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Digital Turbine during the first quarter worth about $31,000. Marshall Wace LLP bought a new position in Digital Turbine during the fourth quarter worth about $45,000. Finally, Quantbot Technologies LP bought a new position in Digital Turbine during the first quarter worth about $58,000. 63.38% of the stock is owned by institutional investors.

Digital Turbine Company Profile (Get Rating)

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, publishers, device original equipment manufacturers (OEMs), and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage, and monetize devices.

Further Reading