DigitalBridge Group (DBRG) Set to Announce Quarterly Earnings on Tuesday

DigitalBridge Group (NYSE:DBRG) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties 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 Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $350.31 million during the quarter, compared to analyst estimates of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. 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 Price Performance

Shares of DBRG opened at $16.78 on Friday. The company has a market capitalization of $2.74 billion, a P/E ratio of 34.24 and a beta of 1.91. DigitalBridge Group has a one year low of $10.20 and a one year high of $20.99. The business’s 50 day simple moving average is $18.35 and its 200-day simple moving average is $17.76.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.24%. DigitalBridge Group’s payout ratio is 8.16%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their target price on DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $22.08.

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.