$0.39 EPS Expected for Digital Turbine, Inc. (NASDAQ:APPS) This Quarter

Equities analysts expect Digital Turbine, Inc. (NASDAQ:APPS) to report $0.39 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Digital Turbine’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Digital Turbine reported earnings of $0.15 per share in the same quarter last year, which indicates a positive year over year growth rate of 160%. The firm is expected to announce its next earnings report on Thursday, November 4th.

On average, analysts expect that Digital Turbine will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.78. For the next year, analysts expect that the company will report earnings of $2.46 per share, with EPS estimates ranging from $2.09 to $2.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Digital Turbine.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Monday, August 9th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $212.60 million during the quarter, compared to analysts’ expectations of $191.26 million. Digital Turbine had a return on equity of 38.44% and a net margin of 12.68%. Digital Turbine’s quarterly revenue was up 260.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS.

Several brokerages recently weighed in on APPS. Zacks Investment Research cut Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, August 31st. Maxim Group increased their target price on Digital Turbine from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, June 2nd. Canaccord Genuity upgraded Digital Turbine from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $95.00 in a report on Tuesday, August 31st. Finally, Macquarie began coverage on Digital Turbine in a report on Tuesday, August 31st. They set a “neutral” rating and a $60.00 target price for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Digital Turbine has a consensus rating of “Buy” and an average target price of $85.06.

In other Digital Turbine news, Director Robert M. Deutschman purchased 3,000 shares of the stock in a transaction on Wednesday, August 18th. The stock was acquired at an average price of $50.91 per share, with a total value of $152,730.00. Following the transaction, the director now directly owns 395,044 shares of the company’s stock, valued at approximately $20,111,690.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Several large investors have recently made changes to their positions in APPS. JPMorgan Chase & Co. raised its position in shares of Digital Turbine by 410.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,081,914 shares of the software maker’s stock worth $86,942,000 after acquiring an additional 869,828 shares in the last quarter. Morgan Stanley raised its position in shares of Digital Turbine by 83.6% in the 2nd quarter. Morgan Stanley now owns 876,887 shares of the software maker’s stock worth $66,670,000 after acquiring an additional 399,216 shares in the last quarter. Greenhaven Road Investment Management L.P. raised its position in shares of Digital Turbine by 63.7% in the 1st quarter. Greenhaven Road Investment Management L.P. now owns 900,000 shares of the software maker’s stock worth $72,324,000 after acquiring an additional 350,200 shares in the last quarter. BlackRock Inc. raised its position in shares of Digital Turbine by 4.1% in the 1st quarter. BlackRock Inc. now owns 6,511,177 shares of the software maker’s stock worth $523,238,000 after acquiring an additional 254,166 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Digital Turbine during the 2nd quarter valued at approximately $15,825,000. 53.04% of the stock is owned by hedge funds and other institutional investors.

APPS stock traded down $0.72 during trading on Tuesday, hitting $61.43. 2,999,654 shares of the company traded hands, compared to its average volume of 3,627,450. The firm has a market capitalization of $5.90 billion, a PE ratio of 102.38, a P/E/G ratio of 0.90 and a beta of 2.37. Digital Turbine has a 1 year low of $25.26 and a 1 year high of $102.56. The company has a 50-day moving average of $60.04 and a 200-day moving average of $68.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.52.

About Digital Turbine

Digital Turbine, Inc engages in the innovation of media and mobile communications which helps to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Media Distribution segment, which consists of products and services that simplify the discovery and delivery of mobile applications and content media for consumers.

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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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