Analysts Anticipate Dropbox, Inc. (NASDAQ:DBX) Will Post Earnings of $0.37 Per Share

Equities research analysts expect Dropbox, Inc. (NASDAQ:DBXGet Rating) to report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Dropbox’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.36. Dropbox reported earnings of $0.35 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The company is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Dropbox will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.73. For the next year, analysts anticipate that the firm will post earnings of $1.90 per share, with EPS estimates ranging from $1.81 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dropbox.

Dropbox (NASDAQ:DBXGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $565.50 million during the quarter, compared to the consensus estimate of $557.66 million. Dropbox had a negative return on equity of 235.32% and a net margin of 15.56%. During the same period in the prior year, the business posted $0.12 earnings per share.

Several brokerages have weighed in on DBX. William Blair reissued an “outperform” rating on shares of Dropbox in a report on Friday, February 18th. Zacks Investment Research lowered Dropbox from a “buy” rating to a “sell” rating in a research note on Monday, February 28th. Finally, JMP Securities dropped their price objective on Dropbox from $39.00 to $30.00 in a research note on Friday, February 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.83.

Shares of DBX opened at $22.49 on Thursday. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 26.46 and a beta of 0.91. The stock has a 50 day moving average of $22.71 and a 200 day moving average of $24.86. Dropbox has a 12 month low of $19.90 and a 12 month high of $33.00.

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 25th. The stock was sold at an average price of $23.70, for a total transaction of $59,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Timothy H. Young sold 12,750 shares of the firm’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $20.78, for a total value of $264,945.00. The disclosure for this sale can be found here. Insiders have sold 66,250 shares of company stock worth $1,472,315 in the last 90 days. Company insiders own 23.75% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBX. First Quadrant L P CA purchased a new position in shares of Dropbox in the fourth quarter worth about $35,000. CWM LLC bought a new stake in shares of Dropbox in the fourth quarter worth about $37,000. Zullo Investment Group Inc. bought a new stake in shares of Dropbox in the fourth quarter worth about $41,000. Spire Wealth Management grew its stake in shares of Dropbox by 112.7% in the first quarter. Spire Wealth Management now owns 1,808 shares of the company’s stock worth $42,000 after purchasing an additional 958 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Dropbox by 194,600.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,947 shares of the company’s stock worth $48,000 after purchasing an additional 1,946 shares during the last quarter. Hedge funds and other institutional investors own 61.06% of the company’s stock.

About Dropbox (Get Rating)

Dropbox, Inc provides a content collaboration platform worldwide. Its 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. As of December 31, 2021, the company had approximately 700 million registered users.

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