Digi International (DGII) to Release Earnings on Wednesday

Digi International (NASDAQ:DGII) is scheduled to release its earnings data after the market closes on Wednesday, November 13th. Analysts expect Digi International to post earnings of $0.42 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Digi International had a net margin of 3.94% and a return on equity of 11.32%. The company had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $105.60 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. 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 Price Performance

Shares of DGII opened at $29.37 on Wednesday. The stock has a market capitalization of $1.07 billion, a PE ratio of 63.85, a PEG ratio of 0.97 and a beta of 1.06. The company has a 50 day moving average price of $28.55 and a 200-day moving average price of $26.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $32.90.

Analysts Set New Price Targets

DGII has been the topic of several recent research reports. Piper Sandler dropped their target price on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Craig Hallum reduced their target price on shares of Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.