Digi International Inc (NASDAQ: DGII) has reported earnings for its second fiscal quarter (ending March 31) of $0.11 versus $0.16 for the same period a year ago — a decline of -31%. Relative to the consensus estimate of $0.56, this was a shortfall of $-0.45. For the latest four quarters through March 31, E.P.S. were $0.40 compared to $0.77 a year ago — a decline of -48%.
Recent Price Action
Digi International Inc (NASDAQ: DGII) stock closed at $30.72 on 5/1/24 after a slight gain of 0.2%. Moreover, above average trading volume at 148% of normal accompanied the advance. The stock has risen 1.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
DGII is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Digi International has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Digi International has a neutral Appreciation Score of 46 and a neutral Power Rating of 44, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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