Digi International (DGII) Scheduled to Post Earnings on Wednesday

Digi International (NASDAQ:DGII) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Digi International to post earnings of $0.40 per share for the quarter. Digi International has set its Q2 guidance at $0.45-0.49 EPS and its Q2 2024 guidance at 0.450-0.490 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data 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. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The company had revenue of $106.09 million for the quarter, compared to the consensus estimate of $105.75 million. On average, analysts expect Digi International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Digi International Trading Up 3.1 %

Shares of DGII stock opened at $30.40 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.35. Digi International has a 52-week low of $21.25 and a 52-week high of $42.95. The company has a market capitalization of $1.10 billion, a PE ratio of 70.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The business’s fifty day moving average is $30.27 and its 200 day moving average is $26.92.

Analyst Upgrades and Downgrades

Separately, Stephens increased their target price 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.33.

About Digi International

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.