Equities research analysts forecast that Box, Inc. (NYSE:BOX) will report ($0.29) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Box’s earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.21). Box also reported earnings per share of ($0.29) in the same quarter last year. The company is scheduled to report its next quarterly earnings report on Wednesday, August 30th.

According to Zacks, analysts expect that Box will report full year earnings of ($1.14) per share for the current year, with EPS estimates ranging from ($1.24) to ($0.85). For the next year, analysts anticipate that the business will post earnings of ($0.99) per share, with EPS estimates ranging from ($1.25) to ($0.52). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Box.

Box (NYSE:BOX) last posted its earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $114.70 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year.

Several equities analysts have commented on BOX shares. Drexel Hamilton reiterated a “buy” rating and set a $26.00 price target on shares of Box in a report on Friday, March 31st. Wells Fargo & Company reiterated an “outperform” rating and set a $27.00 price target (up previously from $24.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price target (up previously from $19.00) on shares of Box in a report on Thursday, June 1st. Mitsubishi UFJ Financial Group upgraded Box from a “neutral” rating to an “overweight” rating and increased their price target for the company from $17.50 to $23.00 in a report on Thursday, June 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Box in a report on Monday, June 26th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.24.

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Box (NYSE BOX) traded up 1.02% on Tuesday, hitting $19.89. 1,003,045 shares of the stock were exchanged. The company’s 50 day moving average price is $18.78 and its 200-day moving average price is $17.69. Box has a one year low of $10.66 and a one year high of $20.91. The company’s market cap is $2.61 billion.

In other news, COO Daniel J. Levin sold 40,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $18.46, for a total value of $738,400.00. Following the sale, the chief operating officer now owns 3,752 shares in the company, valued at $69,261.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total transaction of $5,782,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,718,934 shares of company stock worth $32,066,666. 20.59% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Box during the first quarter valued at approximately $142,000. Two Sigma Securities LLC purchased a new position in shares of Box during the first quarter valued at approximately $177,000. Russell Investments Group Ltd. purchased a new position in shares of Box during the fourth quarter valued at approximately $215,000. Stifel Financial Corp purchased a new position in shares of Box during the first quarter valued at approximately $222,000. Finally, Jane Street Group LLC purchased a new position in shares of Box during the first quarter valued at approximately $248,000. 36.62% of the stock is owned by hedge funds and other institutional investors.

About Box

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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