Boxlight Corp (NASDAQ:BOXL) Expected to Post Earnings of -$0.11 Per Share

Equities analysts expect Boxlight Corp (NASDAQ:BOXL) to announce ($0.11) earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Boxlight’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.15). Boxlight reported earnings per share of ($0.13) in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 13th.

According to Zacks, analysts expect that Boxlight will report full-year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.61). For the next fiscal year, analysts expect that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.22) to ($0.16). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Boxlight.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings data on Thursday, May 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.07). Boxlight had a negative return on equity of 76.32% and a negative net margin of 29.74%. The firm had revenue of $5.01 million during the quarter, compared to the consensus estimate of $7.21 million.

A number of analysts have issued reports on BOXL shares. Zacks Investment Research downgraded Boxlight from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. ValuEngine upgraded Boxlight from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Maxim Group set a $11.00 target price on Boxlight and gave the stock a “buy” rating in a report on Friday, May 17th.

NASDAQ:BOXL traded up $0.01 during trading hours on Friday, reaching $2.57. The stock had a trading volume of 20,486 shares, compared to its average volume of 39,733. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.66 and a quick ratio of 0.41. Boxlight has a 52 week low of $1.14 and a 52 week high of $5.95. The company’s 50 day moving average price is $2.86. The company has a market capitalization of $27.42 million, a PE ratio of -6.59 and a beta of 5.74.

An institutional investor recently bought a new position in Boxlight stock. Geode Capital Management LLC purchased a new position in Boxlight Corp (NASDAQ:BOXL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,515 shares of the company’s stock, valued at approximately $45,000. Geode Capital Management LLC owned approximately 0.37% of Boxlight at the end of the most recent quarter. Institutional investors own 3.14% of the company’s stock.

About Boxlight

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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