Equities research analysts expect Dropbox Inc (NASDAQ:DBX) to report earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Dropbox’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.05. Dropbox reported earnings of $0.08 per share during the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is scheduled to issue its next earnings report on Thursday, May 9th.

On average, analysts expect that Dropbox will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.49. For the next year, analysts anticipate that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.49 to $0.72. Zacks’ EPS calculations are an average based on a survey of analysts that cover Dropbox.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, February 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Dropbox had a negative return on equity of 77.19% and a negative net margin of 34.84%. The business had revenue of $375.90 million for the quarter, compared to the consensus estimate of $369.64 million.

A number of research analysts have recently commented on DBX shares. Jefferies Financial Group cut their target price on Dropbox to $32.00 in a research note on Friday, February 22nd. Zacks Investment Research raised Dropbox from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, February 22nd. Bank of America raised Dropbox from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Friday, February 22nd. Finally, ValuEngine cut Dropbox from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Dropbox currently has an average rating of “Buy” and a consensus target price of $33.43.

DBX stock traded down $0.19 during midday trading on Wednesday, reaching $22.15. 1,003,800 shares of the company traded hands, compared to its average volume of 2,609,839. The company has a market cap of $9.19 billion and a PE ratio of -16.91. Dropbox has a 52-week low of $18.50 and a 52-week high of $43.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.45 and a quick ratio of 1.45.

In other Dropbox news, insider Timothy Regan sold 5,125 shares of the stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $22.57, for a total transaction of $115,671.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ajay Vashee sold 13,731 shares of the stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $23.32, for a total value of $320,206.92. The disclosure for this sale can be found here. In the last three months, insiders sold 95,836 shares of company stock worth $2,189,727.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in Dropbox during the 4th quarter valued at $33,000. Pearl River Capital LLC bought a new stake in Dropbox during the 4th quarter valued at $35,000. Advisory Services Network LLC boosted its position in Dropbox by 272.7% during the 4th quarter. Advisory Services Network LLC now owns 2,050 shares of the company’s stock valued at $42,000 after acquiring an additional 1,500 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Dropbox during the 4th quarter valued at $57,000. Finally, First Interstate Bank bought a new stake in Dropbox during the 4th quarter valued at $82,000. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Dropbox Company Profile

Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.

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Earnings History and Estimates for Dropbox (NASDAQ:DBX)

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