Wall Street analysts forecast that Determine Inc (NASDAQ:DTRM) will post earnings of ($0.10) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Determine’s earnings. Determine reported earnings per share of ($0.04) during the same quarter last year, which would indicate a negative year-over-year growth rate of 150%. The firm is scheduled to announce its next quarterly earnings results on Thursday, June 14th.
On average, analysts expect that Determine will report full-year earnings of ($0.37) per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of ($0.38) per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Determine.
Determine (NASDAQ:DTRM) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.00 million. Determine had a negative net margin of 30.59% and a negative return on equity of 87.88%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS.
DTRM has been the subject of several analyst reports. Maxim Group cut shares of Determine from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine cut shares of Determine from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. B. Riley dropped their target price on shares of Determine from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered shares of Determine from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.00.
In related news, major shareholder Lloyd I. Miller III sold 62,000 shares of Determine stock in a transaction that occurred 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 sale, the insider now directly owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of Determine stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $1.69, for a total transaction of $42,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 120,000 shares of company stock worth $205,360 over the last ninety days. 9.96% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Determine stock. Cornerstone Capital Inc. bought a new position in shares of Determine Inc (NASDAQ:DTRM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,000 shares of the technology company’s stock, valued at approximately $144,000. Cornerstone Capital Inc. owned about 0.54% of Determine at the end of the most recent reporting period. 17.46% of the stock is owned by institutional investors.
Shares of Determine (NASDAQ DTRM) traded up $0.04 during trading hours on Friday, hitting $1.44. 25,961 shares of the stock traded hands, compared to its average volume of 24,188. The firm has a market cap of $21.45, a PE ratio of -2.22 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. Determine has a one year low of $1.23 and a one year high of $3.93.
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Determine Company Profile
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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