Analysts expect that Boxlight Corp (NASDAQ:BOXL) will post $11.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Boxlight’s earnings, with the highest sales estimate coming in at $11.60 million and the lowest estimate coming in at $11.09 million. Boxlight reported sales of $11.99 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Thursday, March 26th.
According to Zacks, analysts expect that Boxlight will report full year sales of $39.06 million for the current year, with estimates ranging from $38.80 million to $39.31 million. For the next year, analysts anticipate that the business will report sales of $45.04 million, with estimates ranging from $43.07 million to $47.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Boxlight.
Boxlight (NASDAQ:BOXL) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Boxlight had a negative net margin of 16.98% and a negative return on equity of 93.01%. The business had revenue of $11.60 million during the quarter, compared to analyst estimates of $15.81 million.
Several research analysts have recently commented on the stock. National Securities assumed coverage on shares of Boxlight in a report on Tuesday, October 22nd. They issued a “buy” rating and a $4.00 price target for the company. Maxim Group reaffirmed a “buy” rating and issued a $6.00 price target on shares of Boxlight in a report on Sunday, October 6th. Zacks Investment Research downgraded shares of Boxlight from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, ValuEngine upgraded shares of Boxlight from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.08.
Shares of NASDAQ BOXL traded down $0.05 during midday trading on Wednesday, hitting $1.41. The company’s stock had a trading volume of 35,400 shares, compared to its average volume of 407,986. Boxlight has a 1-year low of $1.14 and a 1-year high of $4.56. The firm’s fifty day moving average price is $1.69 and its 200-day moving average price is $2.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.56 and a current ratio of 0.73. The firm has a market cap of $16.09 million, a P/E ratio of -3.62 and a beta of 5.47.
Large investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Boxlight in the 2nd quarter valued at about $33,000. BlackRock Inc. lifted its position in Boxlight by 319.9% in the 2nd quarter. BlackRock Inc. now owns 11,660 shares of the company’s stock valued at $36,000 after purchasing an additional 8,883 shares during the last quarter. Jane Street Group LLC bought a new stake in Boxlight in the 2nd quarter valued at about $50,000. Finally, Vanguard Group Inc. lifted its position in Boxlight by 188.0% in the 2nd quarter. Vanguard Group Inc. now owns 371,327 shares of the company’s stock valued at $1,140,000 after purchasing an additional 242,393 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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