Equities analysts forecast that Box Inc (NYSE:BOX) will announce $162.52 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for BOX’s earnings. The lowest sales estimate is $161.02 million and the highest is $170.62 million. BOX reported sales of $140.51 million in the same quarter last year, which suggests a positive year over year growth rate of 15.7%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 29th.
According to Zacks, analysts expect that BOX will report full year sales of $707.83 million for the current fiscal year, with estimates ranging from $699.96 million to $736.39 million. For the next fiscal year, analysts forecast that the firm will report sales of $825.44 million, with estimates ranging from $791.50 million to $887.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover BOX.
BOX (NYSE:BOX) last announced its quarterly earnings data on Wednesday, February 27th. The software maker reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $163.70 million for 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 business’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share.
BOX has been the topic of several analyst reports. Rosenblatt Securities upgraded shares of BOX from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 15th. Prescient Securities upgraded shares of BOX from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 15th. William Blair initiated coverage on shares of BOX in a research note on Tuesday, December 11th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of BOX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, JMP Securities dropped their target price on shares of BOX from $32.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 29th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. BOX currently has a consensus rating of “Buy” and a consensus target price of $24.80.
Shares of NYSE BOX traded down $0.22 during midday trading on Friday, hitting $18.85. The stock had a trading volume of 1,128,215 shares, compared to its average volume of 3,575,241. The company has a market cap of $2.70 billion, a PE ratio of -19.64 and a beta of 1.50. BOX has a 52 week low of $15.64 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.93 and a current ratio of 0.93.
In other BOX news, CFO Dylan C. Smith sold 45,000 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $23.57, for a total value of $1,060,650.00. Following the transaction, the chief financial officer now directly owns 1,124,274 shares in the company, valued at $26,499,138.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Levin sold 30,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $19.77, for a total transaction of $593,100.00. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at $114,468.30. The disclosure for this sale can be found here. Insiders sold 205,000 shares of company stock worth $4,294,750 over the last quarter. Insiders own 8.51% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOX. RPg Family Wealth Advisory LLC purchased a new stake in shares of BOX in the fourth quarter worth $30,000. Loeb Partners Corp purchased a new stake in shares of BOX in the fourth quarter worth $53,000. Westside Investment Management Inc. grew its stake in BOX by 22.2% during the fourth quarter. Westside Investment Management Inc. now owns 3,300 shares of the software maker’s stock valued at $58,000 after acquiring an additional 600 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in BOX by 15.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the software maker’s stock valued at $63,000 after acquiring an additional 500 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its stake in BOX by 100.0% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the software maker’s stock valued at $68,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.
BOX Company Profile
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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