Wall Street analysts forecast that Box (NYSE:BOX) will report sales of $139.55 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for BOX’s earnings. The lowest sales estimate is $139.22 million and the highest is $140.00 million. BOX posted sales of $117.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19%. The firm is scheduled to announce its next earnings results on Wednesday, May 30th.
According to Zacks, analysts expect that BOX will report full-year sales of $139.55 million for the current fiscal year, with estimates ranging from $604.90 million to $607.80 million. For the next financial year, analysts expect that the company will report sales of $737.64 million per share, with estimates ranging from $717.00 million to $753.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow BOX.
BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The business had revenue of $136.70 million during the quarter, compared to analyst estimates of $136.61 million. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share.
Several analysts have commented on BOX shares. Canaccord Genuity reissued a “buy” rating on shares of BOX in a research report on Monday, March 5th. Vetr lowered shares of BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 price objective for the company. in a research report on Thursday, February 15th. DA Davidson initiated coverage on shares of BOX in a research report on Thursday, February 15th. They issued a “buy” rating and a $25.00 price objective for the company. ValuEngine raised shares of BOX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research raised shares of BOX from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. BOX presently has an average rating of “Buy” and a consensus target price of $24.40.
In other news, insider Peter M. Mcgoff sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $20.81, for a total transaction of $1,248,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Levin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $20.91, for a total transaction of $2,091,000.00. Following the sale, the director now directly owns 5,790 shares in the company, valued at approximately $121,068.90. The disclosure for this sale can be found here. Insiders have sold a total of 215,579 shares of company stock valued at $4,505,814 over the last three months. 20.59% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of BOX during the 4th quarter worth approximately $203,000. Welch Capital Partners LLC NY acquired a new stake in BOX in the 4th quarter valued at $226,000. Aperio Group LLC acquired a new stake in BOX in the 4th quarter valued at $227,000. Xact Kapitalforvaltning AB acquired a new stake in BOX in the 4th quarter valued at $227,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in BOX in the 4th quarter valued at $228,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of BOX stock traded down $0.08 during mid-day trading on Wednesday, hitting $20.06. 2,029,142 shares of the stock traded hands, compared to its average volume of 2,134,038. The firm has a market cap of $2,765.56, a price-to-earnings ratio of -17.41 and a beta of 1.14. BOX has a 52-week low of $16.44 and a 52-week high of $24.50. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.01 and a current ratio of 1.01.
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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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