Wall Street analysts expect Box, Inc. (NYSE:BOX – Get Rating) to post $0.25 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for BOX’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. BOX reported earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.9%. The business is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that BOX will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.17. For the next fiscal year, analysts expect that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.34 to $1.45. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for BOX.
BOX (NYSE:BOX – Get Rating) last released its quarterly earnings data on Wednesday, March 2nd. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $233.36 million during the quarter, compared to analysts’ expectations of $228.60 million. BOX had a negative net margin of 4.74% and a negative return on equity of 48.70%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS.
In other BOX news, VP Eli Berkovitch sold 8,000 shares of the firm’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $28.36, for a total value of $226,880.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,000 shares of company stock valued at $1,061,180. 6.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in BOX. Earnest Partners LLC lifted its stake in shares of BOX by 245.5% in the fourth quarter. Earnest Partners LLC now owns 6,460,163 shares of the software maker’s stock valued at $169,192,000 after buying an additional 4,590,582 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BOX by 464.4% during the fourth quarter. Bank of America Corp DE now owns 2,284,205 shares of the software maker’s stock valued at $59,824,000 after purchasing an additional 1,879,495 shares in the last quarter. Norges Bank bought a new position in shares of BOX during the fourth quarter valued at about $47,321,000. Arrowstreet Capital Limited Partnership bought a new position in shares of BOX during the third quarter valued at about $23,235,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of BOX by 162.6% during the third quarter. Goldman Sachs Group Inc. now owns 1,378,688 shares of the software maker’s stock valued at $32,633,000 after purchasing an additional 853,705 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
BOX stock traded down $0.27 during trading on Friday, reaching $30.98. 1,373,889 shares of the company were exchanged, compared to its average volume of 1,766,570. The company has a 50-day moving average of $27.87 and a two-hundred day moving average of $26.46. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of -88.51 and a beta of 1.28. BOX has a twelve month low of $20.36 and a twelve month high of $33.04.
About BOX (Get Rating)
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on 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 to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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