Equities analysts forecast that Box Inc (NYSE:BOX) will announce earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for BOX’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.06). BOX posted earnings of ($0.13) per share during the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The business is expected to announce its next quarterly earnings report on Wednesday, December 5th.
According to Zacks, analysts expect that BOX will report full year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.16). For the next year, analysts anticipate that the company will post earnings of $0.07 per share, with EPS estimates ranging from ($0.10) to $0.14. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover BOX.
BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 28th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. BOX had a negative net margin of 27.10% and a negative return on equity of 488.70%. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.58 million. During the same period last year, the business posted ($0.11) EPS. BOX’s revenue was up 20.6% compared to the same quarter last year.
Several research firms have issued reports on BOX. JMP Securities restated an “outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, August 29th. First Analysis began coverage on shares of BOX in a research report on Friday, July 20th. They issued an “overweight” rating and a $32.00 price target on the stock. DA Davidson decreased their price target on shares of BOX from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 29th. Raymond James decreased their price target on shares of BOX from $33.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, October 15th. Finally, Deutsche Bank began coverage on shares of BOX in a research report on Monday, October 8th. They issued a “hold” rating and a $22.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.86.
In other news, Director Dana L. Evan sold 12,000 shares of BOX stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $23.89, for a total transaction of $286,680.00. Following the sale, the director now directly owns 117,251 shares in the company, valued at approximately $2,801,126.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $25.85, for a total transaction of $387,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,000 shares of company stock worth $5,229,680. 8.51% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in BOX by 48.0% during the 2nd quarter. BlackRock Inc. now owns 9,185,178 shares of the software maker’s stock valued at $229,538,000 after purchasing an additional 2,980,390 shares during the last quarter. First Trust Advisors LP lifted its holdings in BOX by 24.9% during the 3rd quarter. First Trust Advisors LP now owns 5,527,997 shares of the software maker’s stock valued at $132,174,000 after purchasing an additional 1,103,627 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in BOX by 27.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,586,100 shares of the software maker’s stock valued at $114,607,000 after purchasing an additional 987,100 shares during the last quarter. Morgan Stanley lifted its holdings in BOX by 270.9% during the 2nd quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock valued at $40,826,000 after purchasing an additional 1,193,210 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in BOX by 48.0% during the 2nd quarter. Northern Trust Corp now owns 1,552,209 shares of the software maker’s stock valued at $38,790,000 after purchasing an additional 503,671 shares during the last quarter. 68.27% of the stock is owned by hedge funds and other institutional investors.
NYSE:BOX opened at $18.44 on Friday. BOX has a 1 year low of $16.89 and a 1 year high of $29.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $2.61 billion, a P/E ratio of -15.90 and a beta of 1.42.
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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