DigitalBridge Group (DBRG) Scheduled to Post Earnings on Friday

DigitalBridge Group (NYSE:DBRG) is scheduled to release its earnings data before the market opens on Friday, November 1st. Analysts expect DigitalBridge Group to post earnings of $0.15 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The firm had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. On average, analysts expect DigitalBridge Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DigitalBridge Group Trading Down 1.0 %

DigitalBridge Group stock opened at $16.40 on Wednesday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 2.97 and a beta of 1.95. The stock’s 50 day moving average is $14.16 and its 200-day moving average is $14.01. DigitalBridge Group has a 12 month low of $11.07 and a 12 month high of $20.99.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Monday, September 30th. DigitalBridge Group’s dividend payout ratio is 1.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DBRG. Raymond James reduced their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. B. Riley decreased their target price on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Truist Financial dropped their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $19.22.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.