Analysts predict that Box Inc (NYSE:BOX) will announce $164.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for BOX’s earnings, with the lowest sales estimate coming in at $163.90 million and the highest estimate coming in at $164.39 million. BOX reported sales of $136.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that BOX will report full year sales of $608.84 million for the current financial year, with estimates ranging from $608.60 million to $609.06 million. For the next fiscal year, analysts expect that the firm will post sales of $732.82 million, with estimates ranging from $713.85 million to $749.90 million. Zacks’ sales calculations are an average based on a survey of research firms that follow BOX.

BOX (NYSE:BOX) last issued its quarterly earnings data on Wednesday, November 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $154.58 million. BOX had a negative return on equity of 482.42% and a negative net margin of 25.39%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) EPS.

Several analysts recently weighed in on the company. Zacks Investment Research lowered BOX from a “hold” rating to a “sell” rating in a report on Monday, December 3rd. Morgan Stanley decreased their price target on BOX from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. William Blair assumed coverage on BOX in a report on Tuesday, December 11th. They set an “outperform” rating on the stock. JMP Securities decreased their price target on BOX from $32.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Deutsche Bank assumed coverage on BOX in a report on Monday, October 8th. They set a “hold” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.00.

In other BOX news, Director Daniel J. Levin sold 30,000 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $18.90, for a total value of $567,000.00. Following the sale, the director now owns 5,790 shares in the company, valued at $109,431. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 90,000 shares of company stock worth $1,701,000. Insiders own 8.51% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Spirit of America Management Corp NY purchased a new stake in BOX in the third quarter worth $100,000. Edge Wealth Management LLC grew its position in shares of BOX by 641.2% during the 3rd quarter. Edge Wealth Management LLC now owns 5,433 shares of the software maker’s stock worth $130,000 after buying an additional 4,700 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of BOX during the 3rd quarter worth $132,000. M Holdings Securities Inc. bought a new position in shares of BOX during the 2nd quarter worth $212,000. Finally, B. Riley Wealth Management Inc. bought a new position in shares of BOX during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Shares of BOX opened at $19.06 on Friday. BOX has a 1 year low of $15.64 and a 1 year high of $29.79. The company has a market cap of $2.77 billion, a PE ratio of -16.43 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 0.90.

About BOX

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or 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.

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