Wall Avenue analysts count on that Dropbox Inc (NASDAQ:DBX) will announce $423.14 million in gross sales for the present fiscal quarter, Zacks experiences. 5 analysts have supplied estimates for Dropbox’s earnings, with estimates starting from $422.50 million to $424.40 million. Dropbox reported gross sales of $360.30 million throughout the identical quarter final 12 months, which might recommend a constructive 12 months over 12 months development price of 17.4%. The agency is scheduled to announce its subsequent quarterly earnings report on Thursday, November 14th.
Based on Zacks, analysts count on that Dropbox will report full 12 months gross sales of $1.65 billion for the present monetary 12 months. For the subsequent 12 months, analysts anticipate that the corporate will report gross sales of $1.89 billion, with estimates starting from $1.87 billion to $1.90 billion. Zacks Funding Analysis’s gross sales averages are a imply common primarily based on a survey of sell-side analysts that comply with Dropbox.
Dropbox (NASDAQ:DBX) final launched its quarterly earnings information on Thursday, August eighth. The corporate reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The enterprise had income of $401.50 million throughout the quarter, in comparison with the consensus estimate of $401.09 million. Dropbox had a adverse return on fairness of 6.57% and a adverse internet margin of two.91%. The agency’s income was up 18.4% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the corporate posted $0.11 earnings per share.
DBX has been the topic of a lot of latest analyst experiences. Zacks Funding Analysis downgraded Dropbox from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, August 14th. DA Davidson dropped protection on Dropbox in a report on Friday, August ninth. Financial institution of America dropped protection on Dropbox in a report on Friday, August ninth. William Blair dropped protection on Dropbox in a report on Friday, August ninth. Lastly, Sanford C. Bernstein initiated protection on Dropbox in a report on Wednesday, August seventh. They issued an “underperform” ranking and a $19.00 value goal for the corporate. One funding analyst has rated the inventory with a promote ranking, three have given a maintain ranking and 5 have given a purchase ranking to the corporate’s inventory. The corporate presently has a consensus ranking of “Maintain” and a consensus value goal of $28.13.
NASDAQ DBX opened at $20.88 on Wednesday. The inventory has a 50-day easy shifting common of $19.39 and a 200 day easy shifting common of $22.36. The corporate has a market capitalization of $8.29 billion, a PE ratio of -15.94 and a beta of 1.54. The corporate has a present ratio of 1.18, a fast ratio of 1.18 and a debt-to-equity ratio of 0.99. Dropbox has a 12 month low of $17.20 and a 12 month excessive of $27.35.
In different Dropbox information, Director Condoleezza Rice offered 23,943 shares of the inventory in a transaction dated Monday, August 12th. The inventory was offered at a median value of $18.38, for a complete worth of $440,072.34. The sale was disclosed in a submitting with the Securities & Alternate Fee, which might be accessed by means of the SEC web site. Additionally, CFO Ajay Vashee offered 13,731 shares of the inventory in a transaction dated Monday, June 24th. The inventory was offered at a median value of $25.00, for a complete worth of $343,275.00. The disclosure for this sale might be discovered right here. Insiders offered 84,472 shares of firm inventory valued at $1,891,604 during the last 90 days. Company insiders personal 31.20% of the corporate’s inventory.
Institutional traders have not too long ago made modifications to their positions within the enterprise. Renaissance Applied sciences LLC grew its holdings in shares of Dropbox by 836.0% throughout the second quarter. Renaissance Applied sciences LLC now owns 6,537,007 shares of the corporate’s inventory value $163,752,000 after shopping for an extra 5,838,601 shares within the final quarter. Vanguard Group Inc. grew its holdings in shares of Dropbox by 48.5% throughout the second quarter. Vanguard Group Inc. now owns 16,362,654 shares of the corporate’s inventory value $409,885,000 after shopping for an extra 5,341,378 shares within the final quarter. BlackRock Inc. grew its holdings in shares of Dropbox by 35.8% throughout the second quarter. BlackRock Inc. now owns 18,369,211 shares of the corporate’s inventory value $460,147,000 after shopping for an extra 4,847,447 shares within the final quarter. First Belief Advisors LP grew its holdings in shares of Dropbox by 63.1% throughout the second quarter. First Belief Advisors LP now owns 6,551,431 shares of the corporate’s inventory value $164,113,000 after shopping for an extra 2,535,197 shares within the final quarter. Lastly, Southpoint Capital Advisors LP purchased a brand new place in shares of Dropbox throughout the second quarter value about $58,868,000. Institutional traders personal 40.40% of the corporate’s inventory.
Dropbox, Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by means of its Web site or app, in addition to improve to a paid subscription plan for premium options. The corporate has roughly 500 million registered customers throughout 180 nations.
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