Zacks: Brokerages Anticipate Box, Inc. (BOX) to Post -$0.13 EPS

Analysts forecast that Box, Inc. (NYSE:BOX) will report earnings per share of ($0.13) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Box’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.08). Box posted earnings of ($0.14) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, November 29th.

According to Zacks, analysts expect that Box will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to ($0.44). For the next financial year, analysts expect that the business will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.49) to ($0.06). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Box.

Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. The company had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share.

BOX has been the topic of a number of recent research reports. BidaskClub upgraded shares of Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Mitsubishi UFJ Financial Group upgraded shares of Box to an “overweight” rating and boosted their price target for the stock from $23.00 to $24.00 in a research note on Thursday, August 31st. Raymond James Financial, Inc. upgraded shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, September 25th. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Box in a research note on Monday, October 9th. Finally, Canaccord Genuity reissued a “buy” rating and set a $24.00 price objective on shares of Box in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.40.

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Shares of Box (BOX) opened at $21.84 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.58. Box has a one year low of $13.56 and a one year high of $22.27.

In related news, President Daniel J. Levin sold 57,444 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.43, for a total value of $1,058,692.92. Following the completion of the transaction, the president now directly owns 3,752 shares of the company’s stock, valued at $69,149.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Levin sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $19.95, for a total value of $997,500.00. The disclosure for this sale can be found here. Insiders sold 939,534 shares of company stock valued at $17,552,531 over the last ninety days. 22.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BOX. UBS Asset Management Americas Inc. boosted its holdings in Box by 95.8% in the first quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after purchasing an additional 10,153 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Box by 47.6% in the first quarter. Teachers Advisors LLC now owns 223,487 shares of the software maker’s stock valued at $3,645,000 after acquiring an additional 72,071 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Box by 26.4% in the first quarter. TIAA CREF Investment Management LLC now owns 275,938 shares of the software maker’s stock valued at $4,501,000 after acquiring an additional 57,614 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Box by 25.3% in the first quarter. Vanguard Group Inc. now owns 4,456,930 shares of the software maker’s stock valued at $72,693,000 after acquiring an additional 900,522 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Box by 21.8% in the first quarter. Geode Capital Management LLC now owns 424,197 shares of the software maker’s stock valued at $6,918,000 after acquiring an additional 76,002 shares during the period. 59.21% of the stock is owned by hedge funds and other institutional investors.

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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