BOX (BOX) Set to Announce Quarterly Earnings on Tuesday

BOX (NYSE:BOX) is set to release its earnings data after the market closes on Tuesday, May 28th. Analysts expect BOX to post earnings of $0.36 per share for the quarter. BOX has set its Q1 guidance at $0.35-0.36 EPS and its FY25 guidance at $1.53-1.57 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, analysts expect BOX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BOX Stock Down 2.4 %

Shares of BOX stock opened at $25.27 on Friday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 8.92 and a beta of 0.85. The company has a 50-day simple moving average of $27.14 and a 200 day simple moving average of $26.50. BOX has a 12-month low of $23.29 and a 12-month high of $31.94.

Insider Buying and Selling

In other BOX news, Director Daniel J. Levin sold 73,660 shares of BOX stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now owns 43,940 shares of the company’s stock, valued at $1,247,896. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other BOX news, Director Daniel J. Levin sold 73,660 shares of BOX stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now owns 43,940 shares of the company’s stock, valued at $1,247,896. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock valued at $3,774,134 in the last 90 days. 4.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BOX. JPMorgan Chase & Co. raised their target price on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 20th. Citigroup raised their target price on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group raised their target price on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, BOX has an average rating of “Moderate Buy” and a consensus target price of $30.89.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.