DigitalBridge Group (DBRG) Scheduled to Post Quarterly Earnings on Friday

DigitalBridge Group (NYSE:DBRG) will be posting its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The firm had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. On average, analysts expect DigitalBridge Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $16.13 on Thursday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 2.97 and a beta of 1.95. DigitalBridge Group has a 1 year low of $11.07 and a 1 year high of $20.99. The stock’s 50 day simple moving average is $14.24 and its two-hundred day simple moving average is $14.02.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, September 30th. DigitalBridge Group’s dividend payout ratio is presently 1.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Raymond James dropped their price target on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. B. Riley decreased their price objective on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $19.22.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.