Dropbox (NASDAQ:DBX) Issues Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Dropbox (NASDAQ:DBX) issued its quarterly earnings results on Thursday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.17, Briefing.com reports. The company had revenue of $428.20 million for the quarter, compared to the consensus estimate of $423.48 million. Dropbox had a negative net margin of 2.91% and a negative return on equity of 6.57%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS.

DBX stock traded down $1.16 during mid-day trading on Friday, reaching $19.80. The company had a trading volume of 9,567,800 shares, compared to its average volume of 3,590,478. The firm has a 50 day moving average of $19.73 and a 200 day moving average of $21.72. The company has a market capitalization of $8.63 billion, a PE ratio of -15.11 and a beta of 1.56. Dropbox has a 12 month low of $17.20 and a 12 month high of $27.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.18 and a quick ratio of 1.18.

Several equities analysts recently commented on DBX shares. TheStreet downgraded shares of Dropbox from a “c-” rating to a “d+” rating in a report on Friday, August 9th. ValuEngine upgraded shares of Dropbox from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group cut their price target on shares of Dropbox from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. Nomura upped their price target on shares of Dropbox from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday. Finally, Macquarie dropped coverage on shares of Dropbox in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $28.10.

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In other news, CAO Timothy Regan sold 3,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $19.46, for a total value of $58,380.00. Also, CTO Quentin Clark sold 8,333 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $20.06, for a total transaction of $167,159.98. In the last ninety days, insiders sold 84,276 shares of company stock valued at $1,666,898. Corporate insiders own 31.20% of the company’s stock.

Dropbox Company Profile

Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.

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Earnings History for Dropbox (NASDAQ:DBX)

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