Zacks: Brokerages Expect Boxlight Corp (BOXL) to Announce -$0.09 EPS

Equities analysts expect Boxlight Corp (NASDAQ:BOXL) to report ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Boxlight’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.13). Boxlight reported earnings of ($0.95) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 90.5%. The firm is expected to issue its next earnings results on Monday, April 1st.

On average, analysts expect that Boxlight will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.65) to ($0.49). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.24) to ($0.15). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Boxlight.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The firm had revenue of $10.20 million for the quarter, compared to the consensus estimate of $16.17 million. Boxlight had a negative return on equity of 111.97% and a negative net margin of 41.63%.

Separately, Zacks Investment Research cut shares of Boxlight from a “buy” rating to a “hold” rating in a research report on Monday, August 13th.

A hedge fund recently raised its stake in Boxlight stock. Vanguard Group Inc. lifted its position in shares of Boxlight Corp (NASDAQ:BOXL) by 102.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,226 shares of the company’s stock after acquiring an additional 27,457 shares during the period. Vanguard Group Inc. owned approximately 0.53% of Boxlight worth $158,000 as of its most recent filing with the Securities and Exchange Commission. 1.52% of the stock is owned by institutional investors and hedge funds.

BOXL traded up $0.01 during trading on Friday, hitting $2.31. The company had a trading volume of 290,949 shares, compared to its average volume of 1,588,050. The stock has a market capitalization of $23.40 million and a P/E ratio of -1.72. Boxlight has a one year low of $1.57 and a one year high of $17.40. The company has a current ratio of 0.87, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05.

About Boxlight

Boxlight Corporation, a visual display technology company, sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes 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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