Boxlight (NASDAQ:BOXL) Announces Earnings Results

Boxlight (NASDAQ:BOXL) released its earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11), Bloomberg Earnings reports. Boxlight had a negative return on equity of 76.32% and a negative net margin of 29.74%. The business had revenue of $11.10 million during the quarter, compared to the consensus estimate of $12.42 million. Boxlight updated its FY 2019 guidance to EPS.

Shares of NASDAQ BOXL opened at $2.82 on Wednesday. The stock has a market capitalization of $29.86 million, a PE ratio of -7.23 and a beta of 5.74. Boxlight has a fifty-two week low of $1.14 and a fifty-two week high of $5.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.41 and a current ratio of 0.66. The company has a fifty day moving average of $2.81.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Boxlight by 319.9% in the second quarter. BlackRock Inc. now owns 11,660 shares of the company’s stock valued at $36,000 after purchasing an additional 8,883 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Boxlight in the fourth quarter valued at $45,000. Finally, Virtu Financial LLC purchased a new position in shares of Boxlight in the first quarter valued at $115,000. 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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Earnings History for Boxlight (NASDAQ:BOXL)

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