Wall Street analysts expect Box, Inc. (NYSE:BOX) to report earnings of ($0.13) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Box’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.14). Box posted earnings of ($0.14) per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 29th.
On average, analysts expect that Box will report full-year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.44). For the next fiscal year, analysts forecast that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.49) to ($0.06). Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Box.
Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The firm had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share.
Several research analysts recently weighed in on BOX shares. BidaskClub upgraded Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Wells Fargo & Company restated an “outperform” rating and set a $27.00 target price (up from $24.00) on shares of Box in a research note on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and set a $20.00 target price (up from $19.00) on shares of Box in a research note on Thursday, June 1st. Mitsubishi UFJ Financial Group upgraded Box from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $17.50 to $23.00 in a research note on Thursday, June 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Box in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.52.
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In other Box news, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $18.93, for a total transaction of $757,200.00. Following the sale, the chief operating officer now owns 3,752 shares in the company, valued at approximately $71,025.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rory O’driscoll sold 274,756 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $19.34, for a total value of $5,313,781.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,175,192 shares of company stock worth $22,105,842. Company insiders own 20.59% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Box by 79.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of Box by 2.7% in the 1st quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock valued at $96,654,000 after buying an additional 157,644 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Box by 3,627.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the period. First Trust Advisors LP lifted its holdings in shares of Box by 32.2% in the 2nd quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock valued at $52,154,000 after buying an additional 697,214 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Box by 62.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the period. 57.40% of the stock is owned by institutional investors and hedge funds.
Box (NYSE BOX) opened at 18.21 on Tuesday. The stock’s 50 day moving average price is $18.47 and its 200-day moving average price is $18.25. Box has a one year low of $13.56 and a one year high of $18.81. The company’s market capitalization is $2.42 billion.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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