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

DigitalBridge Group (NYSE:DBRG - Get Free Report) is scheduled to announce its 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. Individual that are interested in participating in the company's earnings conference call can do so using this link.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share 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 business had revenue of $390.34 million during the quarter, compared to analyst estimates 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 Stock Up 1.4 %

Shares of DBRG traded up $0.23 during midday trading on Friday, hitting $16.85. The company's stock had a trading volume of 2,906,170 shares, compared to its average volume of 2,277,832. DigitalBridge Group has a one year low of $11.07 and a one year high of $20.99. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 2.84 and a beta of 1.95. The company's fifty day simple moving average is $13.89 and its two-hundred day simple moving average is $14.11.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Monday, September 30th. DigitalBridge Group's dividend payout ratio is presently 1.88%.

Analyst Ratings Changes

DBRG has been the topic of a number of research analyst reports. Raymond James reduced their price target on shares of DigitalBridge Group from $22.00 to $19.00 and set a "strong-buy" rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $19.00 target price on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. increased their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price objective on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, Truist Financial lowered their target price on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and an average price target of $19.22.

About DigitalBridge Group

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.