BOX (NYSE:BOX) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

BOX (NYSE:BOX - Get Free Report) announced its quarterly earnings data on Tuesday. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05, Briefing.com reports. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. BOX's quarterly revenue was up 4.4% on a year-over-year basis. BOX updated its FY 2026 guidance to 1.220-1.260 EPS and its Q2 2026 guidance to 0.300-0.310 EPS.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.49 on Friday, hitting $37.84. 3,948,945 shares of the company's stock were exchanged, compared to its average volume of 1,912,573. BOX has a 1-year low of $24.63 and a 1-year high of $37.96. The company has a market capitalization of $5.44 billion, a PE ratio of 47.30, a P/E/G ratio of 4.42 and a beta of 0.94. The firm's 50-day moving average is $31.19 and its 200 day moving average is $32.19.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 3,434 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $31.54, for a total transaction of $108,308.36. Following the completion of the sale, the chief operating officer now directly owns 556,011 shares of the company's stock, valued at $17,536,586.94. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the sale, the chief executive officer now directly owns 2,979,780 shares of the company's stock, valued at approximately $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,377 shares of company stock worth $2,060,714 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Woodline Partners LP raised its stake in shares of BOX by 16.4% during the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker's stock worth $549,000 after buying an additional 2,506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BOX by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker's stock worth $14,746,000 after buying an additional 32,726 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of BOX in the first quarter worth $31,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX announced that its Board of Directors has initiated a share buyback program on Tuesday, March 4th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James reissued an "outperform" rating and issued a $42.00 price objective (up previously from $38.00) on shares of BOX in a report on Wednesday. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Royal Bank of Canada upped their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday. DA Davidson set a $45.00 target price on shares of BOX and gave the company a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, BOX has an average rating of "Moderate Buy" and an average target price of $38.50.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.