BOX (NYSE:BOX) Issues Q3 Earnings Guidance

BOX (NYSE:BOX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.41-0.42 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $274-276 million, compared to the consensus revenue estimate of $271.62 million. BOX also updated its FY 2025 guidance to 1.640-1.660 EPS.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BOX shares. UBS Group dropped their price objective on BOX from $34.00 to $31.00 and set a buy rating on the stock in a research note on Wednesday, May 29th. StockNews.com upgraded shares of BOX from a buy rating to a strong-buy rating in a report on Thursday, August 15th. Morgan Stanley reduced their price objective on shares of BOX from $32.00 to $30.00 and set an equal weight rating for the company in a research report on Wednesday, May 29th. Monness Crespi & Hardt raised shares of BOX to a hold rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed an underperform rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $30.33.

BOX Stock Up 0.6 %

NYSE:BOX opened at $28.82 on Wednesday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 39.48 and a beta of 0.86. The company’s 50 day moving average price is $26.92 and its 200-day moving average price is $27.01. BOX has a 52 week low of $23.29 and a 52 week high of $30.94.

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 13.13% and a negative return on equity of 11.71%. 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. As a group, sell-side analysts anticipate that BOX will post 0.19 earnings per share for the current year.

Insider Activity

In other BOX news, VP Eli Berkovitch sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00. Following the completion of the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $26.38, for a total transaction of $342,940.00. Following the sale, the chief financial officer now owns 1,552,912 shares of the company’s stock, valued at approximately $40,965,818.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00. Following the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The disclosure for this sale can be found here. Insiders sold 59,560 shares of company stock valued at $1,556,440 in the last quarter. 4.10% of the stock is currently owned by 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 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.