Equities Analysts Offer Predictions for BOX FY2027 Earnings

Box, Inc. (NYSE:BOX) – Equities researchers at DA Davidson raised their FY2027 earnings per share (EPS) estimates for BOX in a report released on Wednesday, March 19th. DA Davidson analyst L. Schreiner now forecasts that the software maker will post earnings of ($0.33) per share for the year, up from their prior forecast of ($0.34). DA Davidson currently has a “Buy” rating and a $45.00 target price on the stock. The consensus estimate for BOX’s current full-year earnings is $0.27 per share.

Several other equities research analysts have also recently issued reports on BOX. Bank of America initiated coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. cut their price target on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Citigroup boosted their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Raymond James reiterated an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.11.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $30.35 on Friday. The stock has a market cap of $4.36 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The stock has a 50 day simple moving average of $32.73 and a 200 day simple moving average of $32.71. BOX has a 1 year low of $24.63 and a 1 year high of $35.74.

BOX announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,466,684 shares in the company, valued at approximately $45,540,538.20. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the transaction, the chief executive officer now owns 2,979,780 shares of the company’s stock, valued at $95,591,342.40. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,363 shares of company stock worth $2,533,374 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Earnest Partners LLC increased its holdings in shares of BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker’s stock worth $249,543,000 after buying an additional 162,437 shares in the last quarter. State Street Corp increased its holdings in BOX by 1.2% in the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after purchasing an additional 69,107 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock valued at $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. boosted its position in BOX by 8.4% during the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after acquiring an additional 255,623 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after acquiring an additional 13,028 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.