BOX (BOX) to Release Quarterly Earnings on Tuesday

BOX (NYSE:BOX) will be announcing its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. On average, analysts expect BOX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BOX Price Performance

NYSE BOX opened at $35.67 on Tuesday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 45.15 and a beta of 0.85. BOX has a 1-year low of $23.29 and a 1-year high of $35.72. The business’s fifty day moving average price is $32.82 and its 200-day moving average price is $29.49.

Insiders Place Their Bets

In related news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,500 shares of company stock worth $1,939,895. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Morgan Stanley upped their target price on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Citigroup boosted their price objective on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Company Profile

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.