Equities research analysts predict that Box Inc (NYSE:BOX) will post $161.53 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for BOX’s earnings, with the lowest sales estimate coming in at $161.02 million and the highest estimate coming in at $162.00 million. BOX posted sales of $140.51 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is scheduled to announce its next quarterly 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 company will report sales of $817.00 million, with estimates ranging from $791.50 million to $860.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow BOX.
BOX (NYSE:BOX) last posted its quarterly earnings data on Wednesday, February 27th. The software maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The business had revenue of $163.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share.
Several equities research analysts recently issued reports on BOX shares. Prescient Securities raised BOX from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, January 15th. Zacks Investment Research upgraded shares of BOX from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, March 8th. Canaccord Genuity restated a “buy” rating and set a $24.00 target price (down from $30.00) on shares of BOX in a report on Thursday, February 28th. Rosenblatt Securities reiterated a “neutral” rating and set a $21.00 price target (down from $27.00) on shares of BOX in a report on Thursday, February 28th. Finally, Citigroup downgraded shares of BOX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $27.00 to $21.00 in a report on Thursday, February 28th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. BOX has an average rating of “Buy” and an average target price of $24.80.
In related news, Director Daniel J. Levin sold 40,000 shares of the company’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 sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $131,027.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $23.57, for a total transaction of $1,060,650.00. Following the sale, the chief financial officer now directly owns 1,124,274 shares in the company, valued at $26,499,138.18. 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 three months. 8.51% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Vanguard Group Inc. lifted its stake in shares of BOX by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,567,400 shares of the software maker’s stock valued at $324,397,000 after purchasing an additional 919,030 shares during the period. Vanguard Group Inc lifted its position in shares of BOX by 7.3% during the third quarter. Vanguard Group Inc now owns 13,567,400 shares of the software maker’s stock worth $324,397,000 after purchasing an additional 919,030 shares in the last quarter. BlackRock Inc. lifted its position in shares of BOX by 6.4% during the fourth quarter. BlackRock Inc. now owns 9,820,418 shares of the software maker’s stock worth $165,770,000 after purchasing an additional 587,397 shares in the last quarter. SQN Investors LP increased its stake in shares of BOX by 67.2% in the fourth quarter. SQN Investors LP now owns 3,955,464 shares of the software maker’s stock worth $66,768,000 after buying an additional 1,589,667 shares during the last quarter. Finally, FMR LLC increased its stake in shares of BOX by 456.7% in the fourth quarter. FMR LLC now owns 1,843,317 shares of the software maker’s stock worth $31,115,000 after buying an additional 1,512,201 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOX traded down $0.38 on Friday, reaching $18.91. 40,676 shares of the company’s stock traded hands, 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 company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -19.74 and a beta of 1.49. BOX has a 52-week low of $15.64 and a 52-week high of $29.79.
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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