Wall Street brokerages expect that Box, Inc. (NYSE:BOX) will report sales of $128.58 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Box’s earnings, with the lowest sales estimate coming in at $128.28 million and the highest estimate coming in at $129.00 million. Box reported sales of $102.81 million in the same quarter last year, which indicates a positive year over year growth rate of 25.1%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 29th.

On average, analysts expect that Box will report full year sales of $128.58 million for the current year, with estimates ranging from $504.49 million to $506.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $622.87 million per share, with estimates ranging from $613.19 million to $643.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Box.

Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. During the same period in the previous year, the business earned ($0.14) earnings per share. The company’s revenue was up 28.4% on a year-over-year basis.

Several research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price target on shares of Box in a report on Wednesday, August 16th. Drexel Hamilton reissued a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Box in a report on Thursday, June 1st. BidaskClub raised shares of Box from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Canaccord Genuity reissued a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of Box in a report on Thursday, June 1st. Finally, Bank of America Corporation reissued a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Box in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.52.

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Box (NYSE:BOX) opened at 17.84 on Thursday. The firm’s 50-day moving average is $18.44 and its 200 day moving average is $18.44. The firm’s market capitalization is $2.37 billion. Box has a 12 month low of $13.56 and a 12 month high of $18.81.

In related news, President Daniel J. Levin sold 20,000 shares of Box stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total value of $372,000.00. Following the transaction, the president now owns 3,752 shares in the company, valued at approximately $69,787.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of Box 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 have sold 1,095,266 shares of company stock worth $20,427,019. Corporate insiders own 22.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Box by 79.0% in the 2nd 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. Bares Capital Management Inc. raised its position in Box by 2.7% in the 1st quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock worth $96,654,000 after purchasing an additional 157,644 shares during the period. Wells Fargo & Company MN raised its position in Box by 3,627.5% in the 2nd 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. First Trust Advisors LP raised its position in Box by 32.2% in the 2nd quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock worth $52,154,000 after purchasing an additional 697,214 shares during the period. Finally, Renaissance Technologies LLC raised its position in Box by 62.5% in the 2nd 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. Institutional investors own 57.40% of the company’s stock.

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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