Dropbox (DBX) Set to Announce Quarterly Earnings on Thursday

Dropbox (NASDAQ:DBX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Dropbox had a negative return on equity of 120.82% and a net margin of 18.13%. The business had revenue of $635.00 million for the quarter, compared to the consensus estimate of $630.77 million. On average, analysts expect Dropbox to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dropbox Stock Performance

Shares of NASDAQ DBX opened at $23.54 on Tuesday. The company has a 50 day simple moving average of $23.76 and a two-hundred day simple moving average of $27.12. Dropbox has a fifty-two week low of $21.19 and a fifty-two week high of $33.43. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.62 and a beta of 0.70.

Analyst Ratings Changes

Several research firms have commented on DBX. JPMorgan Chase & Co. downgraded Dropbox from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $33.00 to $30.00 in a report on Friday, February 16th. KeyCorp upped their price objective on Dropbox from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. The Goldman Sachs Group cut Dropbox from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Friday, February 16th. JMP Securities downgraded Dropbox from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Finally, Citigroup lowered their price target on Dropbox from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.78.

Insider Activity at Dropbox

In other Dropbox news, CFO Timothy Regan sold 3,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $24.36, for a total value of $73,080.00. Following the completion of the sale, the chief financial officer now owns 400,720 shares in the company, valued at approximately $9,761,539.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Timothy Regan sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $24.36, for a total value of $73,080.00. Following the transaction, the chief financial officer now directly owns 400,720 shares of the company’s stock, valued at approximately $9,761,539.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Houston sold 164,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $23.86, for a total value of $3,913,040.00. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at $197,242,650.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,721 shares of company stock worth $6,443,955. 26.40% of the stock is owned by corporate insiders.

Dropbox Company Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, 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. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.