Brokerages forecast that Box Inc (NYSE:BOX) will report sales of $189.44 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for BOX’s earnings, with the highest sales estimate coming in at $189.80 million and the lowest estimate coming in at $189.10 million. BOX reported sales of $172.55 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The company is expected to announce its next earnings results on Wednesday, August 26th.
On average, analysts expect that BOX will report full year sales of $764.60 million for the current fiscal year, with estimates ranging from $763.91 million to $765.70 million. For the next year, analysts expect that the business will post sales of $835.32 million, with estimates ranging from $820.00 million to $848.79 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BOX.
BOX (NYSE:BOX) last announced its quarterly earnings results on Wednesday, May 27th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. BOX had a negative net margin of 18.56% and a negative return on equity of 485.15%. The firm had revenue of $183.56 million during the quarter, compared to analysts’ expectations of $182.08 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue was up 12.6% on a year-over-year basis.
Several research analysts recently issued reports on BOX shares. William Blair reissued a “buy” rating on shares of BOX in a research note on Thursday, June 4th. Zacks Investment Research lowered shares of BOX from a “hold” rating to a “sell” rating and set a $18.00 target price on the stock. in a research note on Tuesday, May 12th. ValuEngine lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Wells Fargo & Co increased their target price on shares of BOX from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Craig Hallum raised shares of BOX from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.00 to $24.00 in a research note on Thursday, May 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.18.
In related news, CFO Dylan C. Smith sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $19.36, for a total transaction of $871,200.00. Following the completion of the sale, the chief financial officer now owns 1,238,140 shares in the company, valued at $23,970,390.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeff Mannie sold 16,803 shares of the firm’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $19.64, for a total transaction of $330,010.92. Following the sale, the vice president now owns 190,293 shares of the company’s stock, valued at approximately $3,737,354.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,815 shares of company stock valued at $5,121,131. 6.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of BOX. Victory Capital Management Inc. increased its stake in shares of BOX by 4.9% in the fourth quarter. Victory Capital Management Inc. now owns 24,355 shares of the software maker’s stock worth $409,000 after purchasing an additional 1,142 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of BOX by 67.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,363 shares of the software maker’s stock worth $342,000 after purchasing an additional 8,170 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of BOX by 71.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 21,610 shares of the software maker’s stock worth $360,000 after purchasing an additional 9,004 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of BOX by 19.0% in the fourth quarter. ProShare Advisors LLC now owns 19,430 shares of the software maker’s stock worth $326,000 after purchasing an additional 3,104 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of BOX by 20.5% in the fourth quarter. Franklin Resources Inc. now owns 23,185 shares of the software maker’s stock valued at $389,000 after acquiring an additional 3,950 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.
NYSE:BOX opened at $20.57 on Monday. The firm’s fifty day moving average is $19.78 and its 200-day moving average is $16.55. The company has a debt-to-equity ratio of 9.06, a quick ratio of 0.84 and a current ratio of 0.84. BOX has a 52 week low of $8.64 and a 52 week high of $22.09. The firm has a market cap of $3.10 billion, a P/E ratio of -22.86 and a beta of 1.30.
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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