Brokerages expect Determine (NASDAQ:DTRM) to report earnings per share (EPS) of ($0.10) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Determine’s earnings. Determine reported earnings of ($0.04) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 150%. The firm is expected to announce its next 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 fiscal year, analysts forecast that the firm will report earnings of ($0.38) per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Determine.
Determine (NASDAQ:DTRM) last released its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Determine had a negative net margin of 30.59% and a negative return on equity of 87.88%. The business had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.00 million. During the same quarter last year, the business earned ($0.08) earnings per share. Determine’s quarterly revenue was up 8.7% compared to the same quarter last year.
Several research firms have commented on DTRM. Maxim Group lowered shares of Determine from a “hold” rating to a “sell” rating and set a $1.00 price objective for the company. in a research report on Monday, February 12th. Zacks Investment Research lowered shares of Determine from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, B. Riley lowered their price objective 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $3.00.
An institutional investor recently bought a new position in Determine stock. Cornerstone Capital Inc. acquired a new stake in shares of Determine (NASDAQ:DTRM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 18.34% of the stock is owned by institutional investors and hedge funds.
DTRM stock traded up $0.05 during trading on Tuesday, hitting $1.55. 17,212 shares of the company’s stock traded hands, compared to its average volume of 18,843. Determine has a 52 week low of $1.23 and a 52 week high of $3.93. 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 firm has a market capitalization of $21.45, a P/E ratio of -2.46 and a beta of 1.61.
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Determine, Inc provides software-as-a-service source-to-pay and enterprise contract lifecycle management (ECLM) solutions. The company offers Determine Cloud Platform, an open technology infrastructure for application in strategic sourcing, contract management, e-procurement, invoice management, financial management, supplier management, business, ECLM, and analytics.
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