BOX (NYSE:BOX – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, March 5th. Analysts expect BOX to post earnings of $0.38 per share for the quarter. BOX has set its Q4 guidance at $0.38-0.39 EPS and its FY24 guidance at $1.42-1.43 EPS.Investors interested in listening to the company’s conference call can do so using this link.
BOX (NYSE:BOX – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The software maker reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $261.50 million during the quarter, compared to analyst estimates of $262.37 million. BOX had a net margin of 4.88% and a negative return on equity of 5.68%. BOX’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. On average, analysts expect BOX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
BOX Stock Up 2.9 %
NYSE BOX opened at $26.54 on Friday. The firm has a market cap of $3.81 billion, a PE ratio of 132.71, a price-to-earnings-growth ratio of 6.27 and a beta of 0.83. The company has a 50 day moving average price of $25.90 and a 200 day moving average price of $25.84. BOX has a 52 week low of $23.29 and a 52 week high of $31.94.
Wall Street Analyst Weigh In
Read Our Latest Analysis on BOX
Insider Activity
In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $23.94, for a total value of $311,220.00. Following the sale, the chief financial officer now directly owns 1,451,437 shares of the company’s stock, valued at approximately $34,747,401.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $23.94, for a total transaction of $311,220.00. Following the sale, the chief financial officer now directly owns 1,451,437 shares of the company’s stock, valued at $34,747,401.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $24.22, for a total transaction of $242,200.00. Following the sale, the chief executive officer now directly owns 3,058,653 shares in the company, valued at $74,080,575.66. The disclosure for this sale can be found here. Insiders have sold 56,750 shares of company stock valued at $1,427,645 in the last ninety days. Insiders own 4.90% of the company’s stock.
Hedge Funds Weigh In On BOX
A number of large investors have recently added to or reduced their stakes in BOX. Arrowstreet Capital Limited Partnership raised its position in BOX by 165.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,151,620 shares of the software maker’s stock worth $57,642,000 after acquiring an additional 1,340,114 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of BOX in the first quarter valued at about $26,085,000. Millennium Management LLC raised its position in shares of BOX by 249.4% in the fourth quarter. Millennium Management LLC now owns 1,019,044 shares of the software maker’s stock valued at $31,723,000 after buying an additional 727,428 shares during the last quarter. Federated Hermes Inc. raised its position in shares of BOX by 213.1% in the first quarter. Federated Hermes Inc. now owns 968,632 shares of the software maker’s stock valued at $28,148,000 after buying an additional 659,231 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of BOX in the fourth quarter valued at about $19,374,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.
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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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