Equity research analysts expect Digital Turbine, Inc. (NASDAQ: APPS – Get a rating) to report earnings of $0.40 per share for the current fiscal quarter, based on Zacks. Two analysts have made estimates for Digital Turbine’s earnings, with estimates ranging from $0.39 to $0.41. Digital Turbine reported earnings per share of $0.25 in the same quarter last year, suggesting a positive 60% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Digital Turbine to report annual earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.68. For next year, analysts expect the company to report earnings of $2.13 per share, with EPS estimates ranging from $1.74 to $2.51. Zacks EPS averages are an average average based on a survey of sell-side research companies that provide coverage for Digital Turbine.
Digital Turbine (NASDAQ: APPS – Get a rating) last released its quarterly results on Tuesday, February 8. The software maker reported earnings per share of $0.43 for the quarter, beating Thomson Reuters consensus estimate of $0.36 by $0.07. The company posted revenue of $375.50 million in the quarter, versus a consensus estimate of $353.21 million. Digital Turbine has a return on equity of 33.35% and a net margin of 4.58%. The company’s revenue for the quarter increased by 323.8% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $0.21.
APPS has been the subject of several research reports. Macquarie cut its price target on Digital Turbine from $80.00 to $70.00 and set an “outperform” rating on the stock in a Wednesday, Feb. 9 research note. StockNews.com began covering Digital Turbine in a research report on Thursday, March 31. They set a “sell” rating for the company. One equity research analyst assigned the stock a sell rating, one assigned a hold rating and four assigned the company’s stock a buy rating. According to data from MarketBeat, Digital Turbine has an average rating of “Buy” and an average target price of $101.20.
Application Stock opened at $36.98 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt ratio of 0.70. The company’s fifty-day simple moving average is $43.07 and its two-hundred-day simple moving average is $55.15. Digital Turbine has a 12-month low of $30.60 and a 12-month high of $93.98. The company has a market capitalization of $3.59 billion, a price-earnings ratio of 80.39, a PEG ratio of 0.40 and a beta of 2.23.
In other news, Director Robert M. Deutschman acquired 15,000 shares of Digital Turbine in a transaction that took place on Monday, March 14. The shares were purchased at an average cost of $31.66 per share, with a total value of $474,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Michelle M. Sterling purchased 1,000 shares of the company in a transaction that took place on Monday, March 7. The shares were acquired at an average price of $36.79 per share, with a total value of $36,790.00. Disclosure of this purchase can be found here. 5.60% of the shares are held by company insiders.
A number of institutional investors and hedge funds have recently changed their holdings in APPS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Digital Turbine during the third quarter valued at approximately $1,986,000. Oppenheimer & Co. Inc. increased its stake in Digital Turbine by 120.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 58,094 shares of the software maker valued at $3,543,000 after buying an additional 31,765 shares last quarter. National Asset Management Inc. increased its stake in Digital Turbine by 8.5% during the fourth quarter. National Asset Management Inc. now owns 47,103 shares of the software maker valued at $2,873,000 after buying 3,700 additional shares last quarter. L&S Advisors Inc increased its stake in Digital Turbine by 639.2% during the third quarter. L&S Advisors Inc now owns 33,262 shares of the software maker valued at $2,287,000 after buying an additional 28,762 shares last quarter. Finally, Hsbc Holdings PLC increased its position in Digital Turbine shares by 114.2% during the 3rd quarter. Hsbc Holdings PLC now owns 19,610 shares of the software maker worth $1,353,000 after buying an additional 10,453 shares during the period. 63.52% of the shares are held by hedge funds and other institutional investors.
Digital Turbine Company Profile (Get a rating)
Digital Turbine, Inc, through its subsidiaries, provides multimedia and mobile communication products and solutions to mobile operators, application advertisers, publishers, original equipment manufacturers (OEMs) and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage and monetize devices.
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