Digi International (NASDAQ:DGII) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.04-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $60-64 million, compared to the consensus revenue estimate of $64.34 million.Digi International also updated its FY 2019 guidance to $0.31-0.34 EPS.
Shares of DGII stock traded up $0.26 during trading hours on Friday, reaching $13.09. The company had a trading volume of 216,771 shares, compared to its average volume of 101,738. Digi International has a twelve month low of $9.28 and a twelve month high of $14.44. The company’s fifty day simple moving average is $12.75. The stock has a market capitalization of $360.00 million, a P/E ratio of 261.80, a P/E/G ratio of 2.68 and a beta of 1.58.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Digi International had a return on equity of 2.17% and a net margin of 4.43%. The firm had revenue of $61.17 million during the quarter, compared to analyst estimates of $63.30 million. On average, equities analysts predict that Digi International will post 0.31 earnings per share for the current year.
In other Digi International news, VP Tracy L. Roberts sold 22,180 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $11.43, for a total transaction of $253,517.40. Following the completion of the sale, the vice president now owns 60,581 shares in the company, valued at approximately $692,440.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.80% of the stock is owned by company 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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