Brokerages forecast that Box, Inc. (NYSE:BOX) will report $200.48 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for BOX's earnings, with the lowest sales estimate coming in at $200.10 million and the highest estimate coming in at $200.70 million. BOX posted sales of $183.56 million in the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, May 27th.
On average, analysts expect that BOX will report full-year sales of $843.95 million for the current fiscal year, with estimates ranging from $841.10 million to $845.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $926.44 million, with estimates ranging from $905.02 million to $947.29 million. Zacks' sales averages are a mean average based on a survey of sell-side research analysts that cover BOX.
BOX (NYSE:BOX) last released its quarterly earnings results on Monday, March 1st. The software maker reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $198.91 million during the quarter, compared to analyst estimates of $196.59 million. BOX had a negative net margin of 9.12% and a negative return on equity of 124.79%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share.
A number of equities research analysts have recently weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of BOX in a report on Wednesday, March 3rd. Morgan Stanley boosted their price target on BOX from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 20th. KeyCorp increased their price target on BOX from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, March 29th. DA Davidson cut their price objective on shares of BOX from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 9th. Finally, Oppenheimer reiterated a "buy" rating and issued a $24.00 target price on shares of BOX in a research report on Wednesday, March 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of "Buy" and a consensus price target of $24.63.
In other news, CFO Dylan C. Smith sold 30,000 shares of BOX stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $21.16, for a total value of $634,800.00. Following the transaction, the chief financial officer now owns 1,090,172 shares of the company's stock, valued at approximately $23,068,039.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 45,000 shares of the stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $18.30, for a total transaction of $823,500.00. Following the sale, the chief financial officer now directly owns 1,120,172 shares of the company's stock, valued at $20,499,147.60. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH raised its holdings in BOX by 1,275.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 586,012 shares of the software maker's stock worth $13,455,000 after buying an additional 543,407 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of BOX during the first quarter valued at approximately $272,000. Commonwealth Equity Services LLC raised its holdings in shares of BOX by 17.6% during the first quarter. Commonwealth Equity Services LLC now owns 81,739 shares of the software maker's stock valued at $1,876,000 after acquiring an additional 12,222 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BOX by 276.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,087 shares of the software maker's stock valued at $1,724,000 after acquiring an additional 55,117 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in BOX by 46.0% in the 1st quarter. Virginia Retirement Systems ET AL now owns 101,200 shares of the software maker's stock worth $2,324,000 after purchasing an additional 31,900 shares during the period. Institutional investors and hedge funds own 77.86% of the company's stock.
BOX stock opened at $20.89 on Thursday. The firm has a 50-day moving average price of $22.39 and a two-hundred day moving average price of $19.13. BOX has a 52-week low of $15.07 and a 52-week high of $26.47. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -46.42 and a beta of 1.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.38.
BOX Company Profile
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on 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 to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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