Wall Street analysts expect Box Inc (NYSE:BOX) to post sales of $161.53 million for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for BOX’s earnings. The highest sales estimate is $162.00 million and the lowest is $161.02 million. BOX reported sales of $140.51 million in the same quarter last year, which would suggest a positive year over year growth rate of 15%. The company is scheduled to report its next earnings results on Wednesday, May 29th.
On average, analysts expect that BOX will report full-year sales of $704.44 million for the current year, with estimates ranging from $699.96 million to $726.00 million. For the next financial year, analysts anticipate that the firm will report sales of $817.00 million, with estimates ranging from $791.50 million to $860.40 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover BOX.
BOX (NYSE:BOX) last announced its earnings results on Wednesday, February 27th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. The company had revenue of $163.70 million during the quarter, compared to analysts’ expectations of $164.16 million. BOX had a negative net margin of 22.13% and a negative return on equity of 393.84%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share.
A number of brokerages have issued reports on BOX. Zacks Investment Research cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. ValuEngine lowered shares of BOX from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. William Blair reissued an “outperform” rating on shares of BOX in a research report on Wednesday, February 27th. Morgan Stanley cut their price objective on shares of BOX from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 28th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $21.00 price objective (down previously from $27.00) on shares of BOX in a research report on Thursday, February 28th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.80.
In other BOX news, Director Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $22.63, for a total transaction of $905,200.00. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at $131,027.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $19.53, for a total transaction of $292,950.00. Following the sale, the chief financial officer now owns 1,114,280 shares of the company’s stock, valued at $21,761,888.40. The disclosure for this sale can be found here. Insiders have sold 170,000 shares of company stock valued at $3,645,700 in the last ninety days. 8.51% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of BOX by 15.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the software maker’s stock worth $63,000 after acquiring an additional 500 shares during the period. Westside Investment Management Inc. boosted its stake in shares of BOX by 22.2% during the 4th quarter. Westside Investment Management Inc. now owns 3,300 shares of the software maker’s stock worth $58,000 after acquiring an additional 600 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of BOX by 5.1% during the 4th quarter. Natixis Advisors L.P. now owns 24,412 shares of the software maker’s stock worth $412,000 after acquiring an additional 1,183 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of BOX by 0.5% during the 3rd quarter. Federated Investors Inc. PA now owns 251,191 shares of the software maker’s stock worth $6,006,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Sageworth Trust Co purchased a new stake in shares of BOX during the 1st quarter worth about $26,000. Institutional investors own 66.20% of the company’s stock.
BOX traded down $0.38 during midday trading on Friday, reaching $18.91. 40,676 shares of the company’s stock were exchanged, compared to its average volume of 1,438,594. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69. The stock has a market cap of $2.78 billion, a P/E ratio of -19.74 and a beta of 1.49. BOX has a 1-year low of $15.64 and a 1-year high of $29.79.
BOX Company Profile
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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