DigitalBridge Group (DBRG) to Release Earnings on Friday

DigitalBridge Group (NYSE:DBRG) is set to release its quarterly 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. Investors that wish to listen to the company’s conference call can do so using this link.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 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 during 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 Stock Up 5.1 %

Shares of DBRG stock opened at $16.62 on Friday. The stock has a 50-day simple moving average of $13.81 and a 200 day simple moving average of $14.09. The stock has a market capitalization of $2.89 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.84 and a beta of 1.95. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently declared 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 payout ratio is 1.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DBRG shares. Wells Fargo & Company dropped their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price target on shares of DigitalBridge Group in a report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Truist Financial reduced their target price on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, DigitalBridge Group currently has an average rating of “Buy” and a consensus price target of $19.22.

About DigitalBridge Group

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.