BOX (NYSE:BOX) Updates FY 2027 Earnings Guidance

BOX (NYSE:BOX) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.560-1.560 for the period, compared to the consensus earnings per share estimate of 1.330. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. BOX also updated its Q2 2027 guidance to 0.390-0.390 EPS.

Analyst Ratings Changes

BOX has been the subject of a number of recent research reports. William Blair restated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Friday, March 20th. Citigroup reduced their price objective on shares of BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut shares of BOX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.57.

BOX Trading Down 1.0%

BOX stock traded down $0.26 during trading on Tuesday, hitting $25.64. 5,608,875 shares of the company were exchanged, compared to its average volume of 2,555,646. The business’s 50 day moving average is $24.20 and its 200 day moving average is $26.49. BOX has a 52 week low of $21.34 and a 52 week high of $38.80. The company has a market capitalization of $3.55 billion, a P/E ratio of 43.46, a PEG ratio of 1.33 and a beta of 0.71.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities analysts expect that BOX will post 0.34 EPS for the current year.

BOX declared that its board has approved a stock buyback program on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 14.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, COO Olivia Nottebohm sold 12,470 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the sale, the chief operating officer directly owned 558,739 shares of the company’s stock, valued at approximately $14,063,460.63. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eli Berkovitch sold 24,500 shares of BOX stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $23.85, for a total value of $584,325.00. Following the sale, the vice president owned 95,516 shares in the company, valued at $2,278,056.60. This trade represents a 20.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 137,086 shares of company stock worth $3,345,852. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in BOX during the first quarter valued at about $31,000. Employees Retirement System of Texas purchased a new position in BOX in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC boosted its stake in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after acquiring an additional 1,138 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the 4th quarter valued at approximately $60,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of BOX by 1,995.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,263 shares of the software maker’s stock worth $77,000 after purchasing an additional 2,155 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.