Equities analysts expect Determine Inc (NASDAQ:DTRM) to announce earnings of ($0.13) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Determine’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.11). Determine posted earnings of ($0.08) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 62.5%. The business is expected to issue its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Determine will report full-year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.39). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.48) to ($0.28). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Determine.
Determine (NASDAQ:DTRM) last announced its earnings results on Thursday, November 9th. The technology company reported ($0.10) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $6.89 million for the quarter, compared to the consensus estimate of $6.77 million. Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) EPS.
Several brokerages have commented on DTRM. Maxim Group downgraded Determine from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reissued a “buy” rating and issued a $3.50 price objective on shares of Determine in a research report on Monday, November 6th. Finally, ValuEngine lowered Determine from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st.
In other news, major shareholder Lloyd I. Miller III sold 62,000 shares of Determine stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $1.73, for a total value of $107,260.00. Following the completion of the transaction, the insider now directly owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of Determine stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $1.73, for a total value of $43,250.00. Following the completion of the transaction, the insider now directly owns 250,820 shares of the company’s stock, valued at $433,918.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,000 shares of company stock valued at $164,110. Corporate insiders own 9.96% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in Determine in the 2nd quarter valued at about $203,000. Renaissance Technologies LLC increased its position in Determine by 24.5% in the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock valued at $509,000 after buying an additional 29,500 shares in the last quarter. Finally, AWM Investment Company Inc. increased its position in Determine by 103.2% in the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock valued at $3,871,000 after buying an additional 739,000 shares in the last quarter. 17.63% of the stock is owned by institutional investors and hedge funds.
Determine (NASDAQ DTRM) opened at $1.80 on Friday. The company has a market capitalization of $25.03, a PE ratio of -2.69 and a beta of 1.77. Determine has a twelve month low of $1.55 and a twelve month high of $3.93. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.84.
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Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
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