Analysts Expect Box, Inc. (BOX) Will Post Quarterly Sales of $128.58 Million
Brokerages predict that Box, Inc. (NYSE:BOX) will report sales of $128.58 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Box’s earnings. The highest sales estimate is $129.00 million and the lowest is $128.28 million. Box posted sales of $102.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 25.1%. The company is scheduled to report 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 financial year, analysts anticipate that the business will report 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 sell-side research analysts that follow 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 Zacks’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share.
A number of analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $22.00 target price on shares of Box in a report on Sunday, September 3rd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 target price on shares of Box in a report on Wednesday, August 16th. Mitsubishi UFJ Financial Group upgraded Box to an “overweight” rating and increased their target price for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Canaccord Genuity increased their target price on Box from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Box in a report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Box presently has a consensus rating of “Buy” and an average target price of $23.40.
In other news, Director Daniel J. Levin sold 50,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.95, for a total value of $997,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rory O’driscoll sold 233,066 shares of the company’s 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 sold 959,534 shares of company stock worth $17,924,531 over the last ninety days. 22.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of BOX. Vanguard Group Inc. increased its position in Box by 79.0% during the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN increased its position in Box by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after buying an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Box during the second quarter worth $32,382,000. JPMorgan Chase & Co. increased its position in Box by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after buying an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Box by 453.9% during the first quarter. Renaissance Technologies LLC now owns 1,544,400 shares of the software maker’s stock worth $25,189,000 after buying an additional 1,265,600 shares during the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Box (NYSE BOX) opened at 21.62 on Friday. The stock’s market cap is $2.89 billion. The stock has a 50 day moving average price of $19.22 and a 200-day moving average price of $19.22. Box has a 12 month low of $13.56 and a 12 month high of $21.83.
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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