Analysts expect that Docusign Inc (NASDAQ:DOCU) will report earnings of $0.01 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Docusign’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.03. The company is expected to issue its next earnings report on Thursday, March 7th.
On average, analysts expect that Docusign will report full-year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.03 to $0.07. For the next fiscal year, analysts anticipate that the business will post earnings of $0.18 per share, with EPS estimates ranging from $0.11 to $0.31. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Docusign.
Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.07). The firm had revenue of $178.39 million during the quarter, compared to analyst estimates of $173.55 million. The business’s revenue for the quarter was up 36.6% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. Wedbush assumed coverage on Docusign in a research report on Thursday, October 18th. They set a “neutral” rating and a $45.00 target price on the stock. Goldman Sachs Group assumed coverage on Docusign in a research report on Thursday, December 13th. They set a “neutral” rating and a $45.00 target price on the stock. Deutsche Bank decreased their target price on Docusign to $50.00 and set a “hold” rating on the stock in a research report on Friday, December 7th. Morgan Stanley lifted their target price on Docusign from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research downgraded Docusign from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $58.27.
In other news, insider William Neil Hudspith sold 37,500 shares of Docusign stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $40.75, for a total value of $1,528,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Reginald D. Davis sold 187,698 shares of Docusign stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $42.51, for a total transaction of $7,979,041.98. The disclosure for this sale can be found here. Insiders have sold 321,166 shares of company stock worth $13,469,571 over the last ninety days.
Several large investors have recently bought and sold shares of DOCU. Rhumbline Advisers bought a new position in shares of Docusign in the second quarter valued at approximately $1,291,000. Bank of New York Mellon Corp bought a new position in shares of Docusign in the second quarter valued at approximately $3,295,000. Russell Investments Group Ltd. bought a new position in shares of Docusign in the second quarter valued at approximately $1,747,000. Schwab Charles Investment Management Inc. bought a new position in shares of Docusign in the second quarter valued at approximately $3,701,000. Finally, US Bancorp DE bought a new position in shares of Docusign in the second quarter valued at approximately $996,000. Institutional investors own 37.06% of the company’s stock.
DOCU stock traded down $0.45 during trading on Wednesday, reaching $43.03. 18,231 shares of the stock were exchanged, compared to its average volume of 2,659,834. Docusign has a twelve month low of $35.06 and a twelve month high of $68.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.91 and a quick ratio of 2.91.
Docusign Company Profile
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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