Wall Street brokerages forecast that Box Inc (NYSE:BOX) will announce sales of $136.71 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for BOX’s earnings. The highest sales estimate is $137.10 million and the lowest is $136.40 million. BOX reported sales of $109.93 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.4%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 28th.
On average, analysts expect that BOX will report full-year sales of $136.71 million for the current financial year, with estimates ranging from $505.65 million to $506.60 million. For the next year, analysts anticipate that the firm will post sales of $624.62 million per share, with estimates ranging from $614.53 million to $650.50 million. Zacks’ sales calculations are an average based on a survey of research firms that follow BOX.
BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.67 million. BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share.
Several research firms recently issued reports on BOX. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target on the stock in a report on Wednesday, November 29th. JMP Securities upped their price target on shares of BOX to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price target on shares of BOX in a report on Thursday, November 30th. DA Davidson began coverage on shares of BOX in a report on Thursday. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research cut shares of BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.21.
BOX (NYSE:BOX) traded down $0.04 on Monday, reaching $22.12. 1,015,466 shares of the company traded hands, compared to its average volume of 1,457,633. The firm has a market capitalization of $3,011.44, a PE ratio of -18.43 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. BOX has a 1 year low of $15.73 and a 1 year high of $24.10.
In other BOX news, Director Rory O’driscoll sold 600,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $20.50, for a total transaction of $12,300,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter M. Mcgoff sold 70,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $20.30, for a total transaction of $1,421,000.00. Following the sale, the senior vice president now directly owns 348,748 shares in the company, valued at $7,079,584.40. The disclosure for this sale can be found here. Insiders have sold 2,065,309 shares of company stock worth $43,227,222 over the last three months. 20.59% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the business. Bluestein R H & Co. raised its holdings in shares of BOX by 25.0% during the fourth quarter. Bluestein R H & Co. now owns 12,500 shares of the software maker’s stock worth $264,000 after purchasing an additional 2,500 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of BOX by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after acquiring an additional 3,092 shares during the last quarter. Teachers Advisors LLC grew its position in shares of BOX by 1.0% during the fourth quarter. Teachers Advisors LLC now owns 325,145 shares of the software maker’s stock worth $6,867,000 after acquiring an additional 3,147 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of BOX by 1.7% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 189,635 shares of the software maker’s stock worth $4,005,000 after acquiring an additional 3,250 shares during the last quarter. Finally, American International Group Inc. grew its position in shares of BOX by 8.1% during the third quarter. American International Group Inc. now owns 52,673 shares of the software maker’s stock worth $1,018,000 after acquiring an additional 3,939 shares during the last quarter. 67.82% of the stock is currently owned by institutional investors.
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BOX Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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