Wall Street brokerages expect Dropbox Inc (NASDAQ:DBX) to report earnings per share of $0.08 for the current quarter, according to Zacks. Seven analysts have issued estimates for Dropbox’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.06. Dropbox reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year over year growth rate of 27.3%. The company is scheduled to issue its next earnings report on Thursday, August 8th.

On average, analysts expect that Dropbox will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.45. For the next financial year, analysts expect that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.50 to $0.66. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Dropbox.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. Dropbox had a negative return on equity of 3.50% and a negative net margin of 1.85%. The firm had revenue of $385.60 million for the quarter, compared to analyst estimates of $381.58 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis.

DBX has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price target on Dropbox to $32.00 in a research report on Friday, February 22nd. Zacks Investment Research raised Dropbox from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, February 22nd. Finally, Bank of America raised Dropbox from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.71.

In related news, insider Timothy Regan sold 2,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $22.34, for a total transaction of $44,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Quentin Clark sold 16,666 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $21.60, for a total value of $359,985.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,830 shares of company stock valued at $2,447,065. 31.20% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Tortoise Index Solutions LLC bought a new position in Dropbox in the first quarter valued at approximately $29,000. Pearl River Capital LLC bought a new position in Dropbox in the fourth quarter valued at approximately $35,000. Ellevest Inc. bought a new position in Dropbox in the first quarter valued at approximately $40,000. Advisory Services Network LLC grew its stake in Dropbox by 272.7% in the fourth quarter. Advisory Services Network LLC now owns 2,050 shares of the company’s stock valued at $42,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in Dropbox in the first quarter valued at approximately $82,000. Institutional investors and hedge funds own 28.71% of the company’s stock.

NASDAQ:DBX traded up $0.24 during mid-day trading on Monday, hitting $23.70. The company had a trading volume of 133,028 shares, compared to its average volume of 4,063,354. Dropbox has a fifty-two week low of $18.50 and a fifty-two week high of $43.50. The company has a fifty day moving average price of $23.21. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of -18.08 and a beta of 1.31.

Dropbox Company Profile

Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its Website or app, as well as upgrade to a paid subscription plan for premium features. The company has approximately 500 million registered users across 180 countries.

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Earnings History and Estimates for Dropbox (NASDAQ:DBX)

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