BOX (BOX) Scheduled to Post Earnings on Tuesday

BOX (NYSE:BOX – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 30th. Analysts expect BOX to post earnings of $0.27 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

BOX (NYSE:BOX – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. BOX had a negative return on equity of 2.53% and a net margin of 2.70%. The firm had revenue of $256.48 million for the quarter, compared to analysts’ expectations of $256.29 million. On average, analysts expect BOX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BOX Trading Up 0.7 %

NYSE BOX opened at $27.69 on Tuesday. The firm has a market cap of $4.00 billion, a PE ratio of 553.80, a price-to-earnings-growth ratio of 13.19 and a beta of 1.01. BOX has a 1-year low of $22.31 and a 1-year high of $34.98. The stock has a 50-day moving average of $26.54 and a 200-day moving average of $29.05.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research note on Thursday, March 16th. Royal Bank of Canada dropped their price target on shares of BOX from $24.00 to $21.00 and set an “underperform” rating for the company in a research report on Wednesday, March 15th. Morgan Stanley dropped their price target on shares of BOX from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. Credit Suisse Group reissued an “outperform” rating and set a $36.00 price target on shares of BOX in a research report on Thursday, March 2nd. Finally, StockNews.com initiated coverage on shares of BOX in a research report on Thursday, May 18th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $27.29, for a total value of $354,770.00. Following the completion of the transaction, the chief financial officer now owns 1,520,900 shares in the company, valued at approximately $41,505,361. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jack R. Lazar sold 5,000 shares of BOX stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total transaction of $134,750.00. Following the completion of the transaction, the director now directly owns 26,555 shares of the company’s stock, valued at approximately $715,657.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $27.29, for a total transaction of $354,770.00. Following the transaction, the chief financial officer now directly owns 1,520,900 shares of the company’s stock, valued at $41,505,361. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,000 shares of company stock valued at $1,173,060. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. purchased a new position in BOX during the first quarter valued at $29,000. Quarry LP raised its stake in BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after buying an additional 1,012 shares during the last quarter. Point72 Middle East FZE purchased a new position in BOX in the fourth quarter worth about $68,000. Tower Research Capital LLC TRC raised its holdings in BOX by 201.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the software maker’s stock worth $74,000 after buying an additional 1,840 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in BOX in the fourth quarter worth about $217,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

BOX Company Profile

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Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.