DigitalGlobe Inc. (NYSE:DGI) issued its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.12. The business had revenue of $175.50 million for the quarter, compared to the consensus estimate of $168.71 million. During the same period in the previous year, the business posted $0.09 EPS. DigitalGlobe’s revenue was down 1.4% compared to the same quarter last year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of DigitalGlobe from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, June 28th. Morgan Stanley lowered shares of DigitalGlobe from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $22.00 to $23.00 in a research report on Tuesday, May 17th. Dougherty & Co reaffirmed a “buy” rating on shares of DigitalGlobe in a research report on Thursday, April 28th. Jefferies Group reaffirmed a “buy” rating on shares of DigitalGlobe in a research report on Thursday, April 28th. Finally, TheStreet raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. DigitalGlobe currently has a consensus rating of “Hold” and an average price target of $28.75.
Shares of DigitalGlobe (NYSE:DGI) traded down 0.69% during midday trading on Thursday, hitting $23.12. 298,961 shares of the stock traded hands. The firm’s 50 day moving average price is $21.66 and its 200 day moving average price is $18.36. The company has a market capitalization of $1.46 billion and a PE ratio of 51.04. DigitalGlobe has a 12-month low of $11.80 and a 12-month high of $26.31.
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.
