Equities research analysts predict that Box, Inc. (NYSE:BOX) will report $128.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Box’s earnings, with the highest sales estimate coming in at $129.00 million and the lowest estimate coming in at $128.28 million. Box posted sales of $102.81 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.1%. The company is scheduled to announce its next earnings results on Wednesday, November 29th.
On average, analysts expect that Box will report full-year sales of $128.58 million for the current fiscal year, with estimates ranging from $504.49 million to $506.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $622.87 million per share, with estimates ranging from $613.19 million to $643.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Box.
Box (NYSE:BOX) last issued its earnings results on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. Box’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) earnings per share.
Several research firms recently commented on BOX. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Box in a report on Wednesday, August 16th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price target on shares of Box in a report on Friday, September 1st. UBS AG upgraded shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, September 25th. Canaccord Genuity raised their price target on shares of Box from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Drexel Hamilton restated a “buy” rating and issued a $28.00 price target on shares of Box in a report on Monday, August 28th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.40.
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In related news, SVP Peter M. Mcgoff sold 80,000 shares of Box stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total value of $1,481,600.00. Following the completion of the sale, the senior vice president now owns 286,135 shares in the company, valued at $5,299,220.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rory O’driscoll sold 233,066 shares of Box stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $18.41, for a total transaction of $4,290,745.06. The disclosure for this sale can be found here. Insiders have sold 959,534 shares of company stock worth $17,924,531 in the last quarter. Insiders own 20.59% of the company’s stock.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Box by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after purchasing an additional 3,521,030 shares during the period. First Trust Advisors LP boosted its holdings in Box by 31.2% in the third quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock worth $72,490,000 after purchasing an additional 892,742 shares during the period. Wells Fargo & Company MN boosted its holdings in Box by 3,627.5% in the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after purchasing an additional 3,369,948 shares during the period. Renaissance Technologies LLC boosted its holdings in Box by 62.5% in the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after purchasing an additional 965,800 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in Box in the second quarter worth $32,382,000. Institutional investors and hedge funds own 58.14% of the company’s stock.
Box (NYSE BOX) traded up 2.09% during midday trading on Friday, hitting $21.98. 728,745 shares of the stock were exchanged. The stock’s market cap is $2.94 billion. The firm has a 50 day moving average of $19.42 and a 200-day moving average of $19.42. Box has a 12-month low of $13.56 and a 12-month high of $22.01.
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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