Box, Inc. (NYSE:BOX) is scheduled to announce its earnings results after the market closes on Tuesday, August 29th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Box has set its Q2 guidance at ($0.13)-(0.12) EPS and its FY18 guidance at ($0.48)-(0.44) EPS.
Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $114.70 million. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) earnings per share. On average, analysts expect Box to post $-0.46 EPS for the current fiscal year and $-0.22 EPS for the next fiscal year.
Shares of Box, Inc. (NYSE BOX) opened at 19.58 on Friday. The company’s market capitalization is $2.57 billion. The stock has a 50 day moving average price of $18.99 and a 200-day moving average price of $18.04. Box, Inc. has a one year low of $13.00 and a one year high of $20.91.
A number of brokerages have weighed in on BOX. ValuEngine upgraded shares of Box from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Bank of America Corporation restated a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Box in a report on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Box in a report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group Inc upgraded shares of Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Box presently has an average rating of “Buy” and an average price target of $22.24.
In related news, Director Rory O’driscoll sold 671,186 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.48, for a total transaction of $12,403,517.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Daniel J. Levin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total transaction of $372,000.00. Following the transaction, the president now owns 3,752 shares in the company, valued at approximately $69,787.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,748,934 shares of company stock worth $32,700,266. Corporate insiders own 22.30% of the company’s stock.
About Box
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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