BOX (NYSE:BOX) Updates Q2 Earnings Guidance

BOX (NYSE:BOX) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of ($0.02-0.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.02). The company issued revenue guidance of $169-170 million, compared to the consensus revenue estimate of $170.89 million.BOX also updated its FY 2020 guidance to $0.00-0.02 EPS.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded BOX from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, June 6th. William Blair reiterated an outperform rating on shares of BOX in a research note on Tuesday, June 4th. Morgan Stanley set a $17.00 target price on BOX and gave the company a hold rating in a research note on Tuesday, June 4th. Canaccord Genuity lowered BOX from a buy rating to a hold rating and lowered their target price for the company from $24.00 to $16.00 in a research note on Tuesday, June 4th. Finally, JMP Securities lowered their target price on BOX from $24.00 to $21.00 and set a market outperform rating for the company in a research note on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $21.82.

Shares of BOX opened at $17.39 on Thursday. The company has a debt-to-equity ratio of 10.68, a quick ratio of 0.83 and a current ratio of 0.83. BOX has a 1 year low of $15.30 and a 1 year high of $27.56. The company has a market capitalization of $2.57 billion, a PE ratio of -18.11 and a beta of 1.50. The stock’s 50-day moving average is $18.71.

BOX (NYSE:BOX) last released its quarterly earnings data on Monday, June 3rd. The software maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. BOX had a negative return on equity of 446.05% and a negative net margin of 21.37%. The business had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $161.46 million. During the same quarter in the previous year, the business posted ($0.07) EPS. BOX’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that BOX will post -0.96 earnings per share for the current fiscal year.

In other BOX news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $20.10, for a total value of $301,500.00. Following the sale, the chief financial officer now owns 1,099,280 shares in the company, valued at approximately $22,095,528. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeff Mannie sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the sale, the vice president now owns 104,596 shares in the company, valued at approximately $2,064,725.04. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock worth $1,425,950 in the last quarter. 6.70% of the stock is currently owned by company insiders.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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Earnings History and Estimates for BOX (NYSE:BOX)

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