Zacks: Analysts Anticipate Docusign Inc (NASDAQ:DOCU) to Post $0.04 Earnings Per Share
Wall Street brokerages forecast that Docusign Inc (NASDAQ:DOCU) will report earnings per share of $0.04 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Docusign’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Docusign posted earnings per share of $0.03 in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, September 4th.
According to Zacks, analysts expect that Docusign will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.24. For the next financial year, analysts forecast that the business will post earnings of $0.38 per share, with EPS estimates ranging from $0.29 to $0.52. Zacks’ EPS calculations are an average based on a survey of research firms that follow Docusign.
Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.30. The business had revenue of $213.96 million during the quarter, compared to analyst estimates of $208.15 million. Docusign had a negative net margin of 26.54% and a negative return on equity of 22.27%. The business’s revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share.
Shares of NASDAQ:DOCU traded down $0.43 during midday trading on Thursday, reaching $53.62. The company had a trading volume of 927,598 shares, compared to its average volume of 2,373,495. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.76 and a quick ratio of 1.76. The company’s fifty day simple moving average is $51.91. The stock has a market cap of $9.34 billion, a PE ratio of -18.49 and a beta of 1.32. Docusign has a one year low of $35.06 and a one year high of $68.35.
In other news, Director Peter Solvik sold 541,532 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $51.52, for a total transaction of $27,899,728.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott V. Olrich sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $54.85, for a total transaction of $548,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 600,988 shares of company stock valued at $31,067,181. 13.60% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DOCU. Sonora Investment Management LLC acquired a new stake in Docusign in the first quarter worth about $31,000. Clean Yield Group acquired a new stake in Docusign in the first quarter worth about $31,000. Legacy Advisors LLC acquired a new stake in Docusign in the first quarter worth about $38,000. Rehmann Capital Advisory Group lifted its holdings in Docusign by 226.1% in the first quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock worth $45,000 after purchasing an additional 606 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Docusign in the first quarter worth about $66,000. 61.16% of the stock is owned by institutional investors.
Docusign Company Profile
DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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