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

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Equities analysts expect Docusign Inc (NASDAQ:DOCU) to report earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Docusign’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.04. Docusign reported earnings of $0.01 per share during the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is scheduled to report its next quarterly earnings results on Thursday, June 6th.

According to Zacks, analysts expect that Docusign will report full-year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.25. For the next year, analysts expect that the firm will post earnings of $0.37 per share, with EPS estimates ranging from $0.28 to $0.53. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Docusign.

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

A number of analysts have recently issued reports on DOCU shares. Wedbush raised their target price on shares of Docusign from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Morgan Stanley upgraded shares of Docusign from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $53.00 in a research note on Tuesday, January 15th. Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Piper Jaffray Companies lifted their price objective on shares of Docusign from $50.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, March 11th. Finally, KeyCorp initiated coverage on shares of Docusign in a research note on Monday, January 28th. They issued an “overweight” rating and a $59.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $61.75.

Shares of NASDAQ DOCU traded down $2.19 during mid-day trading on Wednesday, reaching $53.02. 61,383 shares of the company were exchanged, compared to its average volume of 2,157,404. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market cap of $9.38 billion and a PE ratio of -18.29. Docusign has a twelve month low of $35.06 and a twelve month high of $68.35.

In related news, insider Kirsten O. Wolberg sold 10,166 shares of Docusign stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $52.95, for a total transaction of $538,289.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kirsten O. Wolberg sold 28,310 shares of Docusign stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,305,091.00. The disclosure for this sale can be found here. Insiders have sold a total of 634,709 shares of company stock worth $31,633,278 over the last ninety days.

A number of large investors have recently bought and sold shares of DOCU. Sonora Investment Management LLC acquired a new stake in Docusign during the 1st quarter worth approximately $31,000. Private Capital Group LLC increased its position in shares of Docusign by 173.0% during the 4th quarter. Private Capital Group LLC now owns 819 shares of the company’s stock valued at $33,000 after purchasing an additional 519 shares during the last quarter. Parallel Advisors LLC grew its position in Docusign by 244.1% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the company’s stock valued at $36,000 after acquiring an additional 642 shares during the last quarter. Caz Investments LP grew its position in shares of Docusign by 86.6% during the 4th quarter. Caz Investments LP now owns 933 shares of the company’s stock worth $37,000 after buying an additional 433 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in shares of Docusign during the 1st quarter worth $38,000. Institutional investors and hedge funds own 53.26% of the company’s stock.

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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