Boxlight (BOXL) Scheduled to Post Quarterly Earnings on Thursday

Boxlight (NASDAQ:BOXL – Get Rating) will post its quarterly earnings results after the market closes on Thursday, May 12th. Analysts expect Boxlight to post earnings of ($0.07) per share for the quarter. Boxlight has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.

Boxlight (NASDAQ:BOXL – Get Rating) last issued its quarterly earnings results on Thursday, March 17th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). Boxlight had a negative return on equity of 27.40% and a negative net margin of 7.65%. During the same quarter last year, the business earned $0.01 earnings per share. On average, analysts expect Boxlight to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:BOXL opened at $1.08 on Friday. The company has a 50 day moving average of $1.13 and a 200-day moving average of $1.37. The firm has a market cap of $70.76 million, a P/E ratio of -4.70 and a beta of 3.31. Boxlight has a twelve month low of $0.93 and a twelve month high of $2.97. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.79.

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its stake in Boxlight by 22.0% during the third quarter. Cubist Systematic Strategies LLC now owns 38,200 shares of the company’s stock valued at $86,000 after purchasing an additional 6,900 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Boxlight by 4,449.9% during the fourth quarter. JPMorgan Chase & Co. now owns 39,402 shares of the company’s stock valued at $54,000 after acquiring an additional 38,536 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Boxlight during the fourth quarter valued at approximately $76,000. Squarepoint Ops LLC raised its holdings in shares of Boxlight by 130.6% during the fourth quarter. Squarepoint Ops LLC now owns 65,696 shares of the company’s stock valued at $91,000 after acquiring an additional 37,205 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Boxlight during the fourth quarter valued at approximately $108,000. 14.78% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Maxim Group reduced their price target on shares of Boxlight from $7.00 to $4.00 in a research note on Thursday, January 20th. Zacks Investment Research lowered shares of Boxlight from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd.

About Boxlight (Get Rating)

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, noninteractive 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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