BOX (NYSE:BOX) Posts Quarterly Earnings Results, Misses Estimates By $0.37 EPS

BOX (NYSE:BOX) announced its quarterly earnings data on Tuesday. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.37), Zacks reports. BOX had a net margin of 13.96% and a negative return on equity of 17.20%.

BOX Trading Up 2.6 %

Shares of NYSE:BOX traded up $0.87 during mid-day trading on Tuesday, hitting $33.63. 4,502,448 shares of the company traded hands, compared to its average volume of 1,956,708. The stock has a market cap of $4.83 billion, a P/E ratio of 42.03, a P/E/G ratio of 4.42 and a beta of 0.88. The stock has a 50-day moving average price of $32.78 and a two-hundred day moving average price of $32.58. BOX has a 12-month low of $24.63 and a 12-month high of $35.74.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. DA Davidson began coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the sale, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the transaction, the chief financial officer now directly owns 1,448,509 shares in the company, valued at approximately $46,830,295.97. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,041 shares of company stock worth $2,889,758. Corporate insiders own 4.10% of the company’s stock.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.