Zacks: Brokerages Anticipate Determine Inc (DTRM) to Announce -$0.13 EPS

Equities analysts predict that Determine Inc (NASDAQ:DTRM) will post earnings of ($0.13) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Determine’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.14). Determine posted earnings per share of ($0.08) in the same quarter last year, which would suggest a negative year-over-year growth rate of 62.5%. The company is expected to report its next quarterly earnings report on Thursday, February 8th.

On average, 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 year, analysts anticipate that the firm will report 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 research firms that follow Determine.

Determine (NASDAQ:DTRM) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.10) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.10). Determine had a negative net margin of 30.72% and a negative return on equity of 88.32%. The company had revenue of $6.89 million for the quarter, compared to analyst estimates of $6.77 million. During the same period in the prior year, the firm posted ($0.28) EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of research firms have recently commented on DTRM. B. Riley reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Determine in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Determine from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine lowered shares of Determine from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Maxim Group lowered shares of Determine from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Determine presently has a consensus rating of “Hold” and a consensus price target of $3.83.

In related news, major shareholder Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $1.69, for a total transaction of $42,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Lloyd I. Miller III sold 62,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $1.73, for a total transaction of $107,260.00. Following the transaction, the insider now owns 250,820 shares in the company, valued at approximately $433,918.60. The disclosure for this sale can be found here. Insiders have sold a total of 145,000 shares of company stock worth $248,610 in the last quarter. 9.96% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Determine stock. Susquehanna International Group LLP acquired a new position in shares of Determine Inc (NASDAQ:DTRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,436 shares of the technology company’s stock, valued at approximately $203,000. Susquehanna International Group LLP owned about 0.62% of Determine at the end of the most recent quarter. Institutional investors own 17.63% of the company’s stock.

Determine (NASDAQ DTRM) traded down $0.03 during trading hours on Monday, hitting $1.99. 6,900 shares of the stock were exchanged, compared to its average volume of 21,991. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.73 and a current ratio of 0.73. Determine has a 12 month low of $1.55 and a 12 month high of $3.93. The company has a market cap of $29.91, a price-to-earnings ratio of -2.97 and a beta of 1.79.

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About Determine

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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Earnings History and Estimates for Determine (NASDAQ:DTRM)

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