Favorable Press Coverage Very Likely to Impact DigitalGlobe (DGI) Share Price
Headlines about DigitalGlobe (NYSE:DGI) have been trending positive this week, according to Alpha One. Alpha One, a division of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DigitalGlobe earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave news articles about the technology company an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Alpha One Sentiment’s rankings:
- How These Aerospace Products & Services Stocks are Faring? –American Outdoor, DigitalGlobe, Hexcel, and L3 Technologies (prnewswire.com)
- DigitalGlobe to Announce First Quarter Financial Results on May 2, 2017 (finance.yahoo.com)
- DigitalGlobe Inc (DGI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- DigitalGlobe (DGI) Receives Daily Media Impact Rating of 0.56 (americanbankingnews.com)
- Zacks: Brokerages Anticipate DigitalGlobe Inc (DGI) Will Announce Quarterly Sales of $199.07 Million (americanbankingnews.com)
A number of brokerages have recently commented on DGI. Zacks Investment Research cut DigitalGlobe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Chardan Capital reaffirmed a “neutral” rating and issued a $35.00 price target on shares of DigitalGlobe in a research note on Tuesday, February 21st. Dougherty & Co cut DigitalGlobe from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Finally, Jefferies Group LLC lowered their price target on DigitalGlobe from $44.00 to $38.50 and set a “buy” rating for the company in a research note on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.69.
DigitalGlobe (NYSE:DGI) traded up 1.07% during mid-day trading on Thursday, reaching $33.00. The company had a trading volume of 281,032 shares. The firm has a market capitalization of $2.04 billion, a P/E ratio of 97.06 and a beta of 0.33. DigitalGlobe has a one year low of $18.47 and a one year high of $35.95. The firm’s 50-day moving average is $32.39 and its 200-day moving average is $29.99.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings results on Friday, February 24th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.25. DigitalGlobe had a return on equity of 3.71% and a net margin of 6.28%. The company had revenue of $192.70 million for the quarter, compared to the consensus estimate of $180.77 million. During the same quarter last year, the company posted $0.13 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that DigitalGlobe will post $0.23 earnings per share for the current fiscal year.
In related news, Director Howell M. Estes sold 4,500 shares of the company’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $32.92, for a total transaction of $148,140.00. Following the completion of the sale, the director now owns 62,363 shares in the company, valued at $2,052,989.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Walter S. Scott sold 6,012 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $34.83, for a total value of $209,397.96. Following the sale, the executive vice president now owns 89,425 shares of the company’s stock, valued at approximately $3,114,672.75. The disclosure for this sale can be found here. Insiders have sold 11,512 shares of company stock valued at $389,713 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.
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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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