Zacks: Analysts Anticipate Box Inc (BOX) Will Announce Quarterly Sales of $136.71 Million

Equities analysts expect that Box Inc (NYSE:BOX) will post $136.71 million in sales for the current quarter, according to Zacks. Five analysts have made 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 would indicate a positive year-over-year growth rate of 24.4%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 28th.

According to Zacks, 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 year, analysts anticipate that the firm will post 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 research analysts that cover BOX.

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

BOX has been the subject of several recent analyst reports. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 target price for the company in a research note on Wednesday, November 29th. Canaccord Genuity restated a “buy” rating and set a $25.00 target price on shares of BOX in a research note on Thursday, November 30th. Oppenheimer restated a “buy” rating and set a $24.00 target price on shares of BOX in a research note on Thursday, November 30th. Drexel Hamilton restated a “buy” rating and set a $28.00 target price on shares of BOX in a research note on Monday, November 27th. Finally, JMP Securities raised their target price on BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. BOX currently has a consensus rating of “Buy” and a consensus target price of $24.24.

In related news, Director Daniel J. Levin sold 10,000 shares of BOX stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $22.39, for a total value of $223,900.00. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $129,638.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 30,000 shares of BOX stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $21.73, for a total value of $651,900.00. Following the completion of the transaction, the director now owns 5,790 shares of the company’s stock, valued at $125,816.70. The disclosure for this sale can be found here. Insiders sold 2,082,309 shares of company stock valued at $43,613,662 over the last quarter. Insiders own 22.30% of the company’s stock.

A number of large investors have recently bought and sold shares of BOX. Vanguard Group Inc. grew its stake 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 in the last quarter. Artisan Partners Limited Partnership acquired a new position in BOX in the third quarter worth about $17,949,000. First Trust Advisors LP lifted 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 acquiring an additional 892,742 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in BOX by 10.1% in the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after acquiring an additional 588,875 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in BOX by 9.6% in the fourth quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock worth $125,362,000 after acquiring an additional 518,179 shares during the last quarter. Institutional investors and hedge funds own 62.55% of the company’s stock.

Shares of BOX (NYSE:BOX) opened at $20.23 on Monday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $2,754.13, a PE ratio of -16.86 and a beta of 1.20. BOX has a 52 week low of $15.73 and a 52 week high of $24.10.

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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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