Brokerages Anticipate Docusign Inc (NASDAQ:DOCU) Will Announce Earnings of $0.04 Per Share

Equities research analysts expect Docusign Inc (NASDAQ:DOCU) to announce earnings per share (EPS) of $0.04 for the current quarter, Zacks reports. Four analysts have provided estimates for Docusign’s earnings, with estimates ranging from $0.03 to $0.05. Docusign reported earnings of $0.03 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Docusign will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.24. For the next financial year, analysts forecast that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.29 to $0.52. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Docusign.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.30. Docusign had a negative net margin of 26.54% and a negative return on equity of 22.27%. The business had revenue of $213.96 million for the quarter, compared to analyst estimates of $208.15 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 37.3% on a year-over-year basis.

Several research firms have recently issued reports on DOCU. Zacks Investment Research lowered shares of Docusign from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wedbush reissued a “hold” rating and set a $48.00 target price on shares of Docusign in a research note on Friday, June 7th. ValuEngine raised shares of Docusign from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. William Blair reaffirmed an “outperform” rating on shares of Docusign in a research note on Friday, June 7th. Finally, FBN Securities started coverage on shares of Docusign in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $60.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Docusign presently has a consensus rating of “Buy” and an average target price of $60.91.

Shares of DOCU stock traded down $0.75 during mid-day trading on Friday, hitting $43.84. 99,014 shares of the stock were exchanged, compared to its average volume of 1,713,772. The stock’s fifty day moving average price is $51.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.76 and a current ratio of 1.76. Docusign has a 52-week low of $35.06 and a 52-week high of $68.35. The company has a market capitalization of $7.62 billion, a P/E ratio of -15.12 and a beta of 1.31.

In related news, COO Scott V. Olrich sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.48, for a total transaction of $534,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Solvik sold 541,532 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $51.52, for a total transaction of $27,899,728.64. The disclosure for this sale can be found here. Insiders sold a total of 590,988 shares of company stock valued at $30,533,281 in the last quarter. 13.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Docusign during the 2nd quarter valued at $3,818,000. Wells Fargo & Company MN grew its holdings in Docusign by 7.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,172,172 shares of the company’s stock valued at $107,978,000 after purchasing an additional 153,245 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV acquired a new stake in Docusign during the 2nd quarter valued at $218,000. Parallel Advisors LLC grew its holdings in Docusign by 33.4% during the 2nd quarter. Parallel Advisors LLC now owns 4,792 shares of the company’s stock valued at $238,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Requisite Capital Management LLC grew its holdings in Docusign by 150.1% during the 2nd quarter. Requisite Capital Management LLC now owns 6,969 shares of the company’s stock valued at $346,000 after purchasing an additional 4,182 shares in the last quarter. 61.53% of the stock is owned by institutional investors and hedge funds.

Docusign Company Profile

DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.

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Earnings History and Estimates for Docusign (NASDAQ:DOCU)

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