Dropbox (DBX) Set to Announce Quarterly Earnings on Thursday

Dropbox (NASDAQ:DBX - Get Free Report) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Dropbox to post earnings of $0.52 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Dropbox had a net margin of 23.06% and a negative return on equity of 161.78%. The business had revenue of $634.50 million during the quarter, compared to the consensus estimate of $630.10 million. During the same quarter last year, the firm posted $0.28 EPS. The business's revenue was up 1.9% compared to the same quarter last year. On average, analysts expect Dropbox to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dropbox Stock Down 1.2 %

Shares of NASDAQ DBX traded down $0.32 during midday trading on Thursday, hitting $25.85. The company had a trading volume of 2,655,006 shares, compared to its average volume of 3,707,968. The business has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $23.57. Dropbox has a twelve month low of $20.68 and a twelve month high of $33.43. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61.

Insider Activity at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.18, for a total transaction of $65,450.00. Following the completion of the sale, the chief financial officer now owns 466,747 shares in the company, valued at approximately $12,219,436.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew Houston sold 351,306 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $25.12, for a total value of $8,824,806.72. Following the sale, the chief executive officer now directly owns 8,266,666 shares of the company's stock, valued at approximately $207,658,649.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.18, for a total transaction of $65,450.00. Following the transaction, the chief financial officer now directly owns 466,747 shares of the company's stock, valued at $12,219,436.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 457,452 shares of company stock valued at $11,480,062. 26.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price target on Dropbox from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.67.

About Dropbox

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.