DigitalBridge Group (DBRG) to Release Earnings on Thursday

DigitalBridge Group (NYSE:DBRG) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect DigitalBridge Group to post earnings of $0.08 per share and revenue of $93.01 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $10.33 on Wednesday. The business has a 50 day moving average of $11.03 and a 200-day moving average of $12.64. DigitalBridge Group has a 1 year low of $10.04 and a 1 year high of $20.38. The company has a market capitalization of $1.80 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.95 and a beta of 1.91.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial reduced their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $16.67.

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.