Equities research analysts forecast that Box Inc (NYSE:BOX) will report sales of $136.71 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for BOX’s earnings, with the lowest sales estimate coming in at $136.40 million and the highest estimate coming in at $137.10 million. BOX posted sales of $109.93 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.4%. The business is expected to report its next earnings report after the market closes on Wednesday, February 28th.
On average, analysts expect that BOX will report full year sales of $136.71 million for the current year, with estimates ranging from $505.65 million to $506.60 million. For the next financial year, analysts expect that the company will report sales of $624.62 million per share, with estimates ranging from $614.53 million to $650.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow BOX.
BOX (NYSE:BOX) last issued its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The business had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share.
Shares of BOX (NYSE BOX) traded down $0.04 during trading hours on Monday, hitting $22.12. 1,015,466 shares of the stock traded hands, compared to its average volume of 1,457,633. The stock has a market capitalization of $3,011.44, a P/E ratio of -18.43 and a beta of 1.20. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53. BOX has a 1-year low of $15.73 and a 1-year high of $24.10.
In related news, Director Dana L. Evan sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.65, for a total value of $162,375.00. Following the completion of the sale, the director now owns 21,399 shares in the company, valued at $463,288.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rory O’driscoll sold 600,000 shares of BOX stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $20.50, for a total transaction of $12,300,000.00. The disclosure for this sale can be found here. Insiders sold 2,065,309 shares of company stock valued at $43,227,222 in the last quarter. Company insiders own 20.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its position in BOX by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after acquiring an additional 3,092 shares during the last quarter. Amalgamated Bank acquired a new position in BOX during the second quarter worth about $183,000. Principal Financial Group Inc. acquired a new position in BOX during the second quarter worth about $199,000. Dorsey & Whitney Trust CO LLC acquired a new position in BOX during the fourth quarter worth about $203,000. Finally, Welch Capital Partners LLC NY acquired a new position in BOX during the fourth quarter worth about $226,000. Institutional investors own 67.82% of the company’s stock.
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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