Digi International (DGII) Projected to Post Quarterly Earnings on Wednesday

Digi International (NASDAQ:DGII) will likely be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $104,079.00 billion for the quarter. Digi International has set its Q1 guidance at $0.46-0.50 EPS and its Q1 2025 guidance at 0.460-0.500 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The business had revenue of $105.05 million during the quarter, compared to analysts’ expectations of $104.16 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. 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 Stock Performance

NASDAQ DGII opened at $32.02 on Monday. The firm has a market cap of $1.18 billion, a P/E ratio of 52.49, a P/E/G ratio of 1.15 and a beta of 1.07. Digi International has a 52-week low of $20.17 and a 52-week high of $34.82. The business’s 50-day moving average price is $31.47 and its 200 day moving average price is $29.29. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Craig Hallum reissued a “hold” rating and issued a $32.00 price objective (up from $28.00) on shares of Digi International in a research note on Thursday, November 14th. Finally, Piper Sandler raised their target price on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digi International currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Insider Activity

In related news, Director Satbir Khanuja sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $31.76, for a total value of $222,320.00. Following the sale, the director now owns 83,255 shares in the company, valued at $2,644,178.80. This represents a 7.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Terrence G. Schneider sold 2,808 shares of Digi International stock in a transaction on Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the transaction, the vice president now directly owns 39,002 shares of the company’s stock, valued at approximately $1,289,406.12. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,329 shares of company stock valued at $332,361 in the last three months. 3.30% of the stock is currently owned by company insiders.

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.