BOX (BOX) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

BOX (NYSE:BOX) released its quarterly earnings results on Monday. The software maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02, Briefing.com reports. The firm had revenue of $163.00 million during the quarter, compared to analyst estimates of $161.46 million. BOX had a negative return on equity of 393.84% and a negative net margin of 22.13%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS.

Shares of NYSE:BOX opened at $17.93 on Tuesday. BOX has a 1 year low of $15.64 and a 1 year high of $29.79. The stock has a market cap of $2.67 billion, a P/E ratio of -18.68 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69.

Several research firms have recently commented on BOX. Canaccord Genuity lowered BOX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $24.00 to $16.00 in a research report on Tuesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $22.50 target price (down from $27.00) on shares of BOX in a research report on Tuesday. Deutsche Bank reduced their target price on BOX from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday. Zacks Investment Research lowered BOX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, ValuEngine lowered BOX from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.68.

In other BOX news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $19.53, for a total transaction of $292,950.00. Following the sale, the chief financial officer now owns 1,114,280 shares in the company, valued at approximately $21,761,888.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 30,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $19.77, for a total value of $593,100.00. Following the sale, the director now owns 5,790 shares in the company, valued at approximately $114,468.30. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $1,384,950 over the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

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About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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Earnings History for BOX (NYSE:BOX)

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