Digi International (NASDAQ:DGII) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.31-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32. The company issued revenue guidance of $249-253 million, compared to the consensus revenue estimate of $254.91 million.Digi International also updated its Q4 2019 guidance to $0.04-0.07 EPS.
Shares of DGII traded up $0.26 during midday trading on Friday, hitting $13.09. The stock had a trading volume of 216,771 shares, compared to its average volume of 101,738. Digi International has a fifty-two week low of $9.28 and a fifty-two week high of $14.44. The stock’s 50-day moving average price is $12.75. The company has a market capitalization of $360.00 million, a price-to-earnings ratio of 261.80, a P/E/G ratio of 2.68 and a beta of 1.58.
Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Digi International had a net margin of 4.43% and a return on equity of 2.17%. The company had revenue of $61.17 million during the quarter, compared to analysts’ expectations of $63.30 million. On average, sell-side analysts expect that Digi International will post 0.31 EPS for the current year.
In other news, VP Tracy L. Roberts sold 22,180 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $11.43, for a total value of $253,517.40. Following the completion of the sale, the vice president now directly owns 60,581 shares of the company’s stock, valued at $692,440.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by corporate insiders.
About Digi International
Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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