Dropbox (NASDAQ:DBX) Posts Earnings Outcomes, Beats Expectations By $0.05 EPS


Dropbox (NASDAQ:DBX) issued its earnings outcomes on Thursday, Could ninth. The corporate reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05, Morningstar.com stories. Dropbox had a damaging internet margin of 1.85% and a damaging return on fairness of three.50%. The corporate had income of $385.60 million for the quarter, in comparison with the consensus estimate of $381.58 million. Throughout the identical quarter within the earlier yr, the corporate earned $0.08 EPS. The agency’s income for the quarter was up 21.9% in comparison with the identical quarter final yr.

Shares of DBX inventory traded up $0.18 on Friday, reaching $22.56. The corporate had a buying and selling quantity of three,562,602 shares, in comparison with its common quantity of three,736,015. The corporate has a debt-to-equity ratio of 0.78, a present ratio of 1.16 and a fast ratio of 1.16. The inventory has a market cap of $10.50 billion, a PE ratio of -17.22 and a beta of 1.43. Dropbox has a 12 month low of $18.50 and a 12 month excessive of $43.50.

A number of brokerages just lately issued stories on DBX. Jefferies Monetary Group decreased their value goal on shares of Dropbox to $32.00 in a analysis report on Friday, February 22nd. Zacks Funding Analysis upgraded shares of Dropbox from a “maintain” score to a “purchase” score and set a $29.00 goal value on the inventory in a analysis report on Friday, February 22nd. Financial institution of America upgraded shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 goal value on the inventory in a analysis report on Friday, February 22nd. Lastly, ValuEngine downgraded shares of Dropbox from a “purchase” score to a “maintain” score in a analysis report on Monday, February 4th. Three equities analysis analysts have rated the inventory with a maintain score and 7 have assigned a purchase score to the corporate’s inventory. The inventory has a consensus score of “Purchase” and a mean value goal of $31.71.

In different Dropbox information, CFO Ajay Vashee offered 13,731 shares of the corporate’s inventory in a transaction that occurred on Monday, March 25th. The inventory was offered at a mean value of $21.60, for a complete transaction of $296,589.60. The transaction was disclosed in a submitting with the Securities & Change Fee, which is accessible on the SEC web site. Additionally, insider Quentin Clark offered 16,666 shares of the corporate’s inventory in a transaction that occurred on Friday, Could 24th. The inventory was offered at a mean value of $22.62, for a complete worth of $376,984.92. The disclosure for this sale will be discovered right here. During the last ninety days, insiders offered 104,952 shares of firm inventory valued at $2,364,981. 31.20% of the inventory is presently owned by firm insiders.

A number of hedge funds and different institutional buyers have just lately added to or decreased their stakes within the firm. TrinityPoint Wealth LLC lifted its holdings in Dropbox by 2.7% throughout the 1st quarter. TrinityPoint Wealth LLC now owns 17,375 shares of the corporate’s inventory valued at $379,00Zero after buying a further 450 shares over the last quarter. Advisors Asset Administration Inc. lifted its holdings in Dropbox by 4.9% throughout the 1st quarter. Advisors Asset Administration Inc. now owns 14,616 shares of the corporate’s inventory valued at $319,00Zero after buying a further 689 shares over the last quarter. Marathon Buying and selling Funding Administration LLC lifted its holdings in Dropbox by 6.4% throughout the 4th quarter. Marathon Buying and selling Funding Administration LLC now owns 12,020 shares of the corporate’s inventory valued at $246,00Zero after buying a further 720 shares over the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Dropbox by 9.8% throughout the 1st quarter. Parametric Portfolio Associates LLC now owns 13,602 shares of the corporate’s inventory valued at $297,00Zero after buying a further 1,217 shares over the last quarter. Lastly, Personal Advisor Group LLC lifted its holdings in Dropbox by 11.3% throughout the 4th quarter. Personal Advisor Group LLC now owns 12,214 shares of the corporate’s inventory valued at $250,00Zero after buying a further 1,240 shares over the last quarter. 28.71% of the inventory is owned by institutional buyers.

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Dropbox Firm Profile

Dropbox, Inc supplies a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by way 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 international locations.

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Earnings History for Dropbox (NASDAQ:DBX)



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