Analysts Anticipate Box (BOX) Will Post Earnings of -$0.08 Per Share

Equities research analysts expect Box (NYSE:BOX) to report ($0.08) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for BOX’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). BOX posted earnings of ($0.13) per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The firm is scheduled to issue its next earnings results on Wednesday, May 30th.

On average, analysts expect that BOX will report full year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.17). For the next financial year, analysts anticipate that the business will report earnings of $0.06 per share, with EPS estimates ranging from ($0.17) to $0.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for BOX.

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BOX (NYSE:BOX) last issued its earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. BOX had a negative return on equity of 362.87% and a negative net margin of 30.62%. The business had revenue of $136.70 million during the quarter, compared to analysts’ expectations of $136.61 million. During the same period in the prior year, the firm posted ($0.10) EPS. BOX’s quarterly revenue was up 24.4% compared to the same quarter last year.

BOX has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating on shares of BOX in a report on Monday, March 5th. Vetr cut BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 target price for the company. in a report on Thursday, February 15th. DA Davidson initiated coverage on BOX in a report on Thursday, February 15th. They issued a “buy” rating and a $25.00 target price for the company. Oppenheimer reissued a “buy” rating and issued a $24.00 target price on shares of BOX in a report on Thursday, November 30th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $28.00 target price on shares of BOX in a report on Monday, November 27th. Four equities research 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 stock. BOX currently has a consensus rating of “Buy” and a consensus target price of $24.40.

In other BOX news, insider Peter M. Mcgoff sold 60,000 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $20.81, for a total value of $1,248,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rory O’driscoll sold 500,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.55, for a total value of $10,775,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 723,079 shares of company stock valued at $15,443,189 over the last ninety days. Insiders own 22.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bares Capital Management Inc. boosted its position in shares of BOX by 10.1% in the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after purchasing an additional 588,875 shares during the last quarter. BlackRock Inc. boosted its position in shares of BOX by 9.6% in the 4th quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock worth $125,362,000 after purchasing an additional 518,179 shares during the last quarter. Millennium Management LLC boosted its position in shares of BOX by 16.7% in the 4th quarter. Millennium Management LLC now owns 4,314,184 shares of the software maker’s stock worth $91,116,000 after purchasing an additional 616,044 shares during the last quarter. First Trust Advisors LP boosted its position in shares of BOX by 2.6% in the 4th quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock worth $81,341,000 after purchasing an additional 99,309 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of BOX by 16.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock worth $67,660,000 after purchasing an additional 454,700 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Shares of BOX stock traded down $1.86 on Friday, hitting $20.89. The stock had a trading volume of 4,589,156 shares, compared to its average volume of 2,214,166. BOX has a fifty-two week low of $15.97 and a fifty-two week high of $24.50. 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 cap of $3,119.84, a PE ratio of -18.01 and a beta of 1.01.

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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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