Analysts predict that Digimarc (NASDAQ:DMRC) will announce earnings per share of ($0.82) for the current quarter, Zacks reports. Three analysts have made estimates for Digimarc’s earnings. Digimarc reported earnings per share of ($0.61) during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.4%. The business is expected to report its next earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Digimarc will report full-year earnings of ($2.98) per share for the current year, with EPS estimates ranging from ($3.06) to ($2.90). For the next fiscal year, analysts anticipate that the company will report earnings of ($2.37) per share, with EPS estimates ranging from ($2.79) to ($1.98). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Digimarc.
Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.03). Digimarc had a negative net margin of 102.21% and a negative return on equity of 33.46%. The business had revenue of $4.90 million during the quarter, compared to analyst estimates of $5.26 million. During the same period in the previous year, the company posted ($0.57) earnings per share. Digimarc’s revenue was down 5.8% compared to the same quarter last year.
A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Digimarc from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. ValuEngine raised shares of Digimarc from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 11th. Needham & Company LLC cut their price target on shares of Digimarc from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Finally, National Securities set a $43.00 price target on shares of Digimarc and gave the company a “buy” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.75.
NASDAQ DMRC traded down $2.80 on Monday, reaching $26.15. The company’s stock had a trading volume of 115,467 shares, compared to its average volume of 85,739. Digimarc has a twelve month low of $22.85 and a twelve month high of $41.75. The company has a market capitalization of $343.05, a price-to-earnings ratio of -10.76 and a beta of -0.98.
In other Digimarc news, CEO Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $30.53, for a total transaction of $152,650.00. Following the sale, the chief executive officer now owns 92,014 shares in the company, valued at approximately $2,809,187.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DMRC. Pratt Collard Advisory Partners LLC acquired a new stake in Digimarc during the 4th quarter worth about $5,016,000. Garelick Capital Partners LP raised its holdings in Digimarc by 21.3% during the 4th quarter. Garelick Capital Partners LP now owns 332,863 shares of the information technology services provider’s stock worth $12,033,000 after buying an additional 58,392 shares during the period. Hood River Capital Management LLC raised its holdings in Digimarc by 23.3% during the 4th quarter. Hood River Capital Management LLC now owns 253,004 shares of the information technology services provider’s stock worth $9,146,000 after buying an additional 47,774 shares during the period. Deutsche Bank AG raised its holdings in Digimarc by 89.4% during the 4th quarter. Deutsche Bank AG now owns 22,891 shares of the information technology services provider’s stock worth $826,000 after buying an additional 10,803 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in Digimarc during the 4th quarter worth about $338,000. Hedge funds and other institutional investors own 56.78% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Digimarc (DMRC) to Announce -$0.82 EPS” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2018/04/23/zacks-brokerages-anticipate-digimarc-dmrc-to-announce-0-82-eps.html.
Digimarc Company Profile
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.