BOX (NYSE:BOX) Releases FY 2027 Earnings Guidance

Key Points

• BOX raised or reaffirmed FY 2027 guidance at $1.54 EPS and approximately $1.3 billion in revenue, above the $1.32 analyst EPS consensus. Q3 2027 EPS guidance was set at $0.39.
• Analyst sentiment remains mixed: BOX has an average rating of Hold and an average price target of $35.33, with recent targets ranging from $29 to $45.
• Shares fell 1.5% to $32.96 in midday trading despite the company meeting quarterly EPS expectations and exceeding revenue estimates; insiders sold nearly 78,000 shares worth about $2.1 million over the past 90 days.

BOX (NYSE:BOX - Get Free Report) updated its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.540-1.540 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. BOX also updated its Q3 2027 guidance to 0.390-0.390 EPS.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group increased their target price on BOX from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Wall Street Zen lowered BOX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. Weiss Ratings upgraded BOX from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 23rd. DA Davidson reaffirmed a "buy" rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Finally, Citigroup upped their target price on shares of BOX from $36.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $35.33.

BOX Trading Down 1.5%

Shares of NYSE BOX traded down $0.51 during midday trading on Tuesday, reaching $32.96. 4,225,083 shares of the stock were exchanged, compared to its average volume of 2,587,051. BOX has a 52-week low of $21.34 and a 52-week high of $33.88. The company has a market capitalization of $4.56 billion, a P/E ratio of 50.71, a P/E/G ratio of 11.61 and a beta of 0.73. The stock has a 50 day moving average price of $29.69 and a 200-day moving average price of $26.31.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, analysts forecast that BOX will post 0.31 earnings per share for the current year.

Insider Activity

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the sale, the chief executive officer owned 2,874,673 shares in the company, valued at $69,912,047.36. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the transaction, the chief financial officer owned 1,337,075 shares in the company, valued at $38,842,028.75. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,996 shares of company stock worth $2,116,005 in the last 90 days. 3.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOX

A number of large investors have recently bought and sold shares of BOX. Geneos Wealth Management Inc. bought a new position in shares of BOX in the first quarter valued at about $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX during the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC raised its stake in shares of BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock worth $39,000 after buying an additional 1,138 shares during the last quarter. Toronto Dominion Bank bought a new position in BOX in the fourth quarter valued at approximately $60,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of BOX by 1,995.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,263 shares of the software maker's stock valued at $77,000 after acquiring an additional 2,155 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source