Digi International Inc. (DGII) Issues FY16 Earnings Guidance

Digi International Inc. (NASDAQ:DGII) issued an update on its FY16 earnings guidance on Thursday morning. The company provided EPS guidance of $0.46-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $203-206 million, compared to the consensus revenue estimate of $208.07 million.Digi International also updated its Q4 guidance to $0.09-0.12 EPS.

Digi International Inc. (NASDAQ:DGII) traded up 0.18% during trading on Thursday, reaching $11.32. The company’s stock had a trading volume of 53,531 shares. The company’s 50-day moving average is $10.78 and its 200-day moving average is $9.82. Digi International Inc. has a 12 month low of $7.70 and a 12 month high of $13.53. The stock has a market cap of $292.87 million and a PE ratio of 20.73.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The firm had revenue of $52.13 million for the quarter, compared to analyst estimates of $52.60 million. During the same period in the previous year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts expect that Digi International Inc. will post $0.40 EPS for the current fiscal year.

DGII has been the topic of a number of recent research reports. TheStreet raised Digi International from a hold rating to a buy rating in a research note on Wednesday, May 4th. Zacks Investment Research lowered Digi International from a buy rating to a hold rating in a research note on Wednesday, June 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $13.50.

In other Digi International news, VP Tracy L. Roberts sold 20,000 shares of Digi International stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $11.25, for a total value of $225,000.00. Following the completion of the sale, the vice president now directly owns 27,554 shares in the company, valued at $309,982.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Digi International Inc is a provider of Internet of Things (IoT) networking hardware products and solutions that enable the connection, monitoring and control of local or remote physical assets by electronic means. The Company’s products and solutions are deployed via both wired and, ever increasingly, wireless networks.