Zacks: Brokerages Anticipate Box Inc (BOX) Will Post Earnings of -$0.07 Per Share

Equities analysts expect Box Inc (NYSE:BOX) to report earnings of ($0.07) per share for the current quarter, according to Zacks. Eight analysts have made estimates for BOX’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.06). BOX reported earnings of ($0.13) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 46.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, November 28th.

On average, analysts expect that BOX will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.18) to ($0.16). For the next year, analysts expect that the business will post earnings of $0.07 per share, with EPS estimates ranging from ($0.10) to $0.14. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for BOX.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 28th. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. BOX had a negative net margin of 27.10% and a negative return on equity of 488.70%. The business had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.58 million. During the same period last year, the company posted ($0.11) EPS. The company’s revenue was up 20.6% on a year-over-year basis.

BOX has been the subject of a number of recent research reports. ValuEngine cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. DA Davidson lowered their target price on shares of BOX from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $25.00 target price on shares of BOX in a research note on Sunday, August 26th. Deutsche Bank initiated coverage on shares of BOX in a research note on Monday, October 8th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Raymond James lowered their target price on shares of BOX from $33.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, October 15th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.86.

Shares of BOX traded up $0.60 during mid-day trading on Friday, reaching $19.16. 1,017,282 shares of the company’s stock were exchanged, compared to its average volume of 2,747,433. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.95. BOX has a 52-week low of $16.89 and a 52-week high of $29.79. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -16.52 and a beta of 1.42.

In other news, Director Dana L. Evan sold 12,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $23.89, for a total transaction of $286,680.00. Following the completion of the sale, the director now directly owns 117,251 shares of the company’s stock, valued at approximately $2,801,126.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Levin sold 80,000 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $24.22, for a total transaction of $1,937,600.00. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $140,233.80. The disclosure for this sale can be found here. Insiders have sold a total of 222,000 shares of company stock valued at $5,229,680 over the last three months. Corporate insiders own 8.51% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of BOX by 6.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 44,292 shares of the software maker’s stock valued at $1,059,000 after acquiring an additional 2,773 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of BOX by 204.7% during the 3rd quarter. SG Americas Securities LLC now owns 40,662 shares of the software maker’s stock valued at $972,000 after acquiring an additional 27,317 shares in the last quarter. Falcon Point Capital LLC lifted its holdings in shares of BOX by 13.6% during the 3rd quarter. Falcon Point Capital LLC now owns 354,184 shares of the software maker’s stock valued at $8,469,000 after acquiring an additional 42,278 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of BOX by 9.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 79,822 shares of the software maker’s stock valued at $1,908,000 after acquiring an additional 6,721 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of BOX by 87.8% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 112,069 shares of the software maker’s stock valued at $2,680,000 after acquiring an additional 52,390 shares in the last quarter. 68.27% of the stock is owned by institutional investors.

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.

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