Zacks: Brokerages Anticipate Digimarc (DMRC) to Announce -$0.82 EPS

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.

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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.

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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.

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Earnings History and Estimates for Digimarc (NASDAQ:DMRC)

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