Somewhat Positive News Coverage Somewhat Unlikely to Affect DigitalGlobe (NYSE:DGI) Share Price
Press coverage about DigitalGlobe (NYSE:DGI) has been trending somewhat positive on Saturday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DigitalGlobe earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9802047946314 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Dean Foods Company (DF) Position Decreased by Ajo, Lp Last Quarter (trikkles.com)
- (DF) is down at $11.40 Dean Foods Declares Quarterly Dividend (naijaoversabi.com)
- Dean Foods Company (NYSE:DF) Shares Sold by Rothschild Investment Corp IL (iphonefresh.com)
- ETFs with exposure to DigitalGlobe, Inc. : August 11, 2017 (finance.yahoo.com)
- IHS Markit Score Update: Drop in demand for ETFs holding DigitalGlobe Inc is a negative sign for its shares (finance.yahoo.com)
DigitalGlobe (NYSE DGI) traded down 0.29% during trading on Friday, reaching $34.15. The company’s stock had a trading volume of 272,390 shares. The firm has a market capitalization of $2.13 billion, a P/E ratio of 1004.41 and a beta of 1.02. DigitalGlobe has a 52 week low of $23.95 and a 52 week high of $35.95. The firm has a 50-day moving average price of $33.68 and a 200-day moving average price of $32.11.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The company had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $209.13 million. DigitalGlobe had a return on equity of 2.40% and a net margin of 0.64%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that DigitalGlobe will post ($0.08) EPS for the current fiscal year.
Several equities analysts have weighed in on the company. BidaskClub raised DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Piper Jaffray Companies downgraded DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $37.00 to $34.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.75.
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In other DigitalGlobe news, Director Warren Jenson sold 32,512 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $31.73, for a total value of $1,031,605.76. Following the transaction, the director now owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jose Torres sold 3,858 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total value of $122,491.50. Following the completion of the transaction, the insider now directly owns 39,594 shares in the company, valued at approximately $1,257,109.50. The disclosure for this sale can be found here. Insiders sold 52,570 shares of company stock worth $1,666,341 in the last ninety days. 1.90% of the stock is owned by corporate insiders.
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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