Box (BOX) Expected to Announce Quarterly Sales of $139.55 Million

Equities analysts expect Box (NYSE:BOX) to report sales of $139.55 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for BOX’s earnings, with estimates ranging from $139.22 million to $140.00 million. BOX posted sales of $117.22 million during the same quarter last year, which suggests a positive year over year growth rate of 19%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 30th.

On average, analysts expect that BOX will report full year sales of $605.99 million for the current year, with estimates ranging from $604.90 million to $607.80 million. For the next year, analysts expect that the company will post sales of $737.64 million per share, with estimates ranging from $717.00 million to $753.40 million. Zacks’ sales calculations are an average based on a survey of research firms that cover BOX.

BOX (NYSE:BOX) last issued its quarterly earnings data on Wednesday, February 28th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The firm had revenue of $136.70 million for the quarter, compared to analyst estimates of $136.61 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt assumed coverage on shares of BOX in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of BOX from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Vetr downgraded shares of BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 price objective on the stock. in a research note on Thursday, February 15th. DA Davidson assumed coverage on shares of BOX in a research note on Thursday, February 15th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, ValuEngine upgraded shares of BOX from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. BOX currently has a consensus rating of “Buy” and an average price target of $24.40.

BOX stock traded up $0.48 during midday trading on Friday, hitting $22.59. 4,892,296 shares of the company traded hands, compared to its average volume of 2,549,919. The company has a market cap of $3,078.65, a PE ratio of -19.47 and a beta of 1.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 4.48. BOX has a twelve month low of $16.76 and a twelve month high of $24.50.

In other BOX news, insider Peter M. Mcgoff sold 60,000 shares of BOX stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $20.81, for a total transaction of $1,248,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Levin sold 10,000 shares of BOX stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the sale, the director now owns 5,790 shares in the company, valued at approximately $115,800. The disclosure for this sale can be found here. Insiders have sold 285,079 shares of company stock worth $5,935,989 in the last quarter. Corporate insiders own 22.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC acquired a new stake in BOX during the fourth quarter worth $203,000. Welch Capital Partners LLC NY bought a new position in shares of BOX during the fourth quarter valued at $226,000. Aperio Group LLC bought a new position in shares of BOX during the fourth quarter valued at $227,000. Xact Kapitalforvaltning AB bought a new position in shares of BOX during the fourth quarter valued at $227,000. Finally, Banco de Sabadell S.A bought a new position in shares of BOX during the fourth quarter valued at $228,000. Hedge funds and other institutional investors own 74.56% of the company’s stock.

About BOX

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

Get a free copy of the Zacks research report on BOX (BOX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Markel Co.  Vice Chairman Steven A. Markel Sells 200 Shares
Markel Co. Vice Chairman Steven A. Markel Sells 200 Shares
Bottomline Technologies, Inc.  Director Peter Gibson Purchases 4,000 Shares
Bottomline Technologies, Inc. Director Peter Gibson Purchases 4,000 Shares
Old Dominion Freight Line  Director Leo H. Suggs Sells 800 Shares of Stock
Old Dominion Freight Line Director Leo H. Suggs Sells 800 Shares of Stock
Cara Therapeutics  SVP Frederique Ph.D. Menzaghi Sells 9,000 Shares
Cara Therapeutics SVP Frederique Ph.D. Menzaghi Sells 9,000 Shares
Analysts Set Nexeo Solutions  Price Target at $11.17
Analysts Set Nexeo Solutions Price Target at $11.17
Hologic, Inc.  Given Average Recommendation of “Hold” by Analysts
Hologic, Inc. Given Average Recommendation of “Hold” by Analysts


© 2006-2018 Ticker Report. Google+.