$136.71 Million in Sales Expected for Box Inc (BOX) This Quarter

Wall Street brokerages expect Box Inc (NYSE:BOX) to report $136.71 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for BOX’s earnings, with the lowest sales estimate coming in at $136.40 million and the highest estimate coming in at $137.10 million. BOX posted sales of $109.93 million during the same quarter last year, which suggests a positive year over year growth rate of 24.4%. The business is expected to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that BOX will report full-year sales of $136.71 million for the current year, with estimates ranging from $505.90 million to $506.60 million. For the next fiscal year, analysts expect that the firm will report sales of $624.62 million per share, with estimates ranging from $614.53 million to $650.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover BOX.

BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. During the same period in the prior year, the company posted ($0.14) EPS. BOX’s quarterly revenue was up 25.8% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target for the company in a report on Wednesday, November 29th. JMP Securities boosted their price target on BOX to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and issued a $24.00 price target on shares of BOX in a report on Thursday, November 30th. Canaccord Genuity boosted their price target 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 reiterated a “buy” rating and issued a $25.00 price target on shares of BOX in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.24.

Shares of BOX (NYSE BOX) opened at $22.20 on Friday. BOX has a twelve month low of $15.73 and a twelve month high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $3,020.00 and a P/E ratio of -18.50.

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $20.84, for a total transaction of $270,920.00. Following the completion of the transaction, the chief financial officer now directly owns 13,000 shares in the company, valued at approximately $270,920. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel J. Levin sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $22.39, for a total value of $223,900.00. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at $129,638.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,082,309 shares of company stock valued at $43,613,662. 22.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in BOX by 79.0% during the 2nd 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. Bares Capital Management Inc. grew its stake in BOX by 10.1% during the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after buying an additional 588,875 shares during the last quarter. First Trust Advisors LP grew its stake in BOX by 31.2% during the 3rd quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock worth $72,490,000 after buying an additional 892,742 shares during the last quarter. Renaissance Technologies LLC grew its stake in BOX by 62.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after buying an additional 965,800 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in BOX during the 2nd quarter worth $32,382,000. Hedge funds and other institutional investors own 62.26% of the company’s stock.

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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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