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Brokers Issue Forecasts for DigitalBridge Group, Inc.’s FY2022 Earnings (NYSE:DBRG)


DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) – Analysts at B. Riley dropped their FY2022 earnings estimates for DigitalBridge Group in a report released on Tuesday, June 21st. B. Riley analyst D. Day now anticipates that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.06. The consensus estimate for DigitalBridge Group’s current full-year earnings is ($0.11) per share. B. Riley also issued estimates for DigitalBridge Group’s Q4 2022 earnings at $0.03 EPS, Q1 2023 earnings at $0.02 EPS, FY2023 earnings at $0.17 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $0.24 EPS.

DigitalBridge Group (NYSE:DBRGGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.47). DigitalBridge Group had a negative net margin of 30.95% and a negative return on equity of 3.79%. During the same quarter in the previous year, the firm posted $0.01 EPS.

A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of DigitalBridge Group from an “underweight” rating to a “neutral” rating and set a $7.00 price objective on the stock in a report on Friday, March 18th. Raymond James cut their price objective on shares of DigitalBridge Group from $10.00 to $9.50 and set a “strong-buy” rating on the stock in a report on Monday, February 28th. Finally, BMO Capital Markets cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, DigitalBridge Group presently has a consensus rating of “Moderate Buy” and an average price target of $9.88.

Shares of DBRG opened at $5.15 on Thursday. The stock has a market cap of $2.93 billion, a PE ratio of -7.25 and a beta of 1.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.93 and a current ratio of 1.93. DigitalBridge Group has a fifty-two week low of $4.49 and a fifty-two week high of $8.55. The firm’s 50-day simple moving average is $6.01 and its two-hundred day simple moving average is $6.94.

Institutional investors have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its position in DigitalBridge Group by 4.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 52,002 shares of the company’s stock valued at $433,000 after purchasing an additional 2,388 shares during the period. Moors & Cabot Inc. purchased a new stake in DigitalBridge Group during the third quarter valued at approximately $542,000. State Street Corp increased its holdings in DigitalBridge Group by 10.1% during the fourth quarter. State Street Corp now owns 17,152,763 shares of the company’s stock valued at $142,883,000 after buying an additional 1,573,305 shares during the last quarter. Gotham Asset Management LLC increased its holdings in DigitalBridge Group by 61.6% during the fourth quarter. Gotham Asset Management LLC now owns 25,539 shares of the company’s stock valued at $213,000 after buying an additional 9,739 shares during the last quarter. Finally, Orchard Capital Managment LLC increased its holdings in DigitalBridge Group by 1.9% during the fourth quarter. Orchard Capital Managment LLC now owns 1,861,804 shares of the company’s stock valued at $15,509,000 after buying an additional 35,200 shares during the last quarter. Institutional investors own 79.37% of the company’s stock.

DigitalBridge Group Company Profile (Get Rating)

DigitalBridge Group, Inc is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

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Earnings History and Estimates for DigitalBridge Group (NYSE:DBRG)



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