Brokerages Expect Docusign Inc (DOCU) Will Announce Quarterly Sales of $208.49 Million

Wall Street analysts expect Docusign Inc (NASDAQ:DOCU) to report $208.49 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Docusign’s earnings. The highest sales estimate is $213.09 million and the lowest is $206.40 million. Docusign reported sales of $155.81 million in the same quarter last year, which suggests a positive year over year growth rate of 33.8%. The firm is scheduled to report its next earnings report on Thursday, June 6th.

According to Zacks, analysts expect that Docusign will report full-year sales of $913.96 million for the current fiscal year, with estimates ranging from $912.20 million to $920.16 million. For the next financial year, analysts anticipate that the business will report sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Docusign.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The business had revenue of $199.73 million during the quarter, compared to the consensus estimate of $193.63 million. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year.

A number of research firms recently issued reports on DOCU. Wedbush lifted their price target on Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Piper Jaffray Companies lifted their price objective on Docusign from $50.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th. Deutsche Bank upgraded Docusign from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $65.00 in a research report on Tuesday, February 12th. Zacks Investment Research upgraded Docusign from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, KeyCorp assumed coverage on Docusign in a research report on Monday, January 28th. They issued an “overweight” rating and a $59.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $61.75.

In related news, CRO Loren Alhadeff sold 8,717 shares of Docusign stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $56.04, for a total value of $488,500.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kirsten O. Wolberg sold 10,166 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $52.95, for a total value of $538,289.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 709,378 shares of company stock valued at $34,993,383.

Several institutional investors have recently bought and sold shares of the company. Edge Wealth Management LLC grew its position in shares of Docusign by 34.4% during the 1st quarter. Edge Wealth Management LLC now owns 56,622 shares of the company’s stock worth $2,942,000 after buying an additional 14,484 shares during the period. Sonora Investment Management LLC acquired a new position in shares of Docusign during the 1st quarter worth about $31,000. Legacy Advisors LLC acquired a new position in shares of Docusign during the 1st quarter worth about $38,000. Underhill Investment Management LLC grew its position in shares of Docusign by 31.6% during the 1st quarter. Underhill Investment Management LLC now owns 166,390 shares of the company’s stock worth $8,626,000 after buying an additional 39,950 shares during the period. Finally, Selective Wealth Management Inc. acquired a new position in shares of Docusign in the 1st quarter valued at approximately $8,871,000. Institutional investors own 53.14% of the company’s stock.

Docusign stock opened at $55.35 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.91. Docusign has a 12-month low of $35.06 and a 12-month high of $68.35. The stock has a market capitalization of $9.46 billion and a P/E ratio of -19.09.

About Docusign

DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.

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Earnings History and Estimates for Docusign (NASDAQ:DOCU)

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