Brokerages expect that Determine Inc (NASDAQ:DTRM) will post $7.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Determine’s earnings. Determine reported sales of $7.54 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.5%. The company is expected to announce its next earnings report on Thursday, June 14th.
According to Zacks, analysts expect that Determine will report full-year sales of $7.20 million for the current financial year, with estimates ranging from $28.08 million to $28.54 million. For the next year, analysts forecast that the company will post sales of $29.44 million per share, with estimates ranging from $29.40 million to $29.47 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Determine.
Determine (NASDAQ:DTRM) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. The business had revenue of $7.50 million for 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share.
A number of analysts have commented on DTRM shares. ValuEngine cut shares of Determine from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. B. Riley reaffirmed a “buy” rating and set a $3.50 price target on shares of Determine in a research report on Monday, December 4th. Zacks Investment Research cut shares of Determine from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Maxim Group cut shares of Determine from a “hold” rating to a “sell” rating and set a $1.00 price target on the stock. in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $3.00.
In other news, major shareholder Lloyd I. Miller III sold 25,000 shares of the firm’s 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. Following the completion of the sale, the insider now owns 250,820 shares in the company, valued at approximately $423,885.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Lloyd I. Miller III sold 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $1.73, for a total transaction of $107,260.00. Following the sale, the insider now owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,000 shares of company stock valued at $191,760. Company insiders own 9.96% of the company’s stock.
An institutional investor recently bought a new position in Determine stock. Cornerstone Capital Inc. purchased a new position in shares of Determine Inc (NASDAQ:DTRM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 80,000 shares of the technology company’s stock, valued at approximately $144,000. Cornerstone Capital Inc. owned about 0.54% of Determine as of its most recent SEC filing. Hedge funds and other institutional investors own 18.34% of the company’s stock.
Shares of Determine (DTRM) traded up $0.10 on Friday, reaching $1.67. 24,290 shares of the company’s stock were exchanged, compared to its average volume of 23,214. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $24.65, a PE ratio of -13.75 and a beta of 1.55. Determine has a twelve month low of $1.23 and a twelve month 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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