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.
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.
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.
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