Digi International (DGII) to Release Earnings on Wednesday

Digi International (NASDAQ:DGII - Get Free Report) 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. Persons interested in registering for the company's earnings conference call can do so using this link.

Digi International (NASDAQ:DGII - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. Digi International had a return on equity of 11.32% and a net margin of 3.94%. 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 firm earned $0.44 earnings per share. The firm'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

Shares of DGII traded up $2.84 during mid-day trading on Wednesday, hitting $32.21. 289,559 shares of the company's stock were exchanged, compared to its average volume of 191,510. The business's 50 day moving average is $28.55 and its two-hundred day moving average is $26.64. The firm has a market capitalization of $1.17 billion, a P/E ratio of 63.85, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a current ratio of 2.00, a quick ratio of 1.31 and a debt-to-equity ratio of 0.27. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $32.90.

Analyst Ratings Changes

DGII has been the topic of a number of recent analyst reports. Craig Hallum cut their target price on shares of Digi International from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Piper Sandler cut their price target on shares of Digi International from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.