Q3 2023 EPS Estimates for Boxlight Co. Increased by Analyst (NASDAQ:BOXL)

Boxlight Co. (NASDAQ:BOXL – Get Rating) – Equities research analysts at HC Wainwright increased their Q3 2023 earnings per share (EPS) estimates for shares of Boxlight in a research note issued to investors on Thursday, May 11th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.08. HC Wainwright has a “Buy” rating and a $2.00 price objective on the stock. The consensus estimate for Boxlight’s current full-year earnings is $0.05 per share. HC Wainwright also issued estimates for Boxlight’s FY2024 earnings at $0.14 EPS.

Separately, Alliance Global Partners dropped their target price on shares of Boxlight from $2.50 to $1.75 in a research report on Thursday, March 16th.

Boxlight Price Performance

Boxlight stock opened at $0.31 on Friday. Boxlight has a 52 week low of $0.26 and a 52 week high of $1.07. The company’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.41. The company has a quick ratio of 1.09, a current ratio of 2.29 and a debt-to-equity ratio of 0.84. The stock has a market cap of $23.02 million, a P/E ratio of -4.39 and a beta of 2.45.

Boxlight (NASDAQ:BOXL – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $42.80 million during the quarter, compared to the consensus estimate of $48.07 million. Boxlight had a negative return on equity of 11.99% and a negative net margin of 1.82%.

Institutional Investors Weigh In On Boxlight

A number of hedge funds have recently modified their holdings of the stock. Armistice Capital LLC bought a new stake in shares of Boxlight in the 3rd quarter worth approximately $3,515,000. Millennium Management LLC raised its holdings in shares of Boxlight by 792.8% in the 4th quarter. Millennium Management LLC now owns 549,927 shares of the company’s stock worth $171,000 after purchasing an additional 488,330 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Boxlight by 56.8% in the 1st quarter. Renaissance Technologies LLC now owns 330,298 shares of the company’s stock worth $126,000 after purchasing an additional 119,698 shares during the period. Perritt Capital Management Inc. bought a new stake in shares of Boxlight in the 3rd quarter worth approximately $186,000. Finally, State Street Corp raised its holdings in shares of Boxlight by 7.2% in the 1st quarter. State Street Corp now owns 218,699 shares of the company’s stock worth $262,000 after purchasing an additional 14,621 shares during the period. Institutional investors own 16.36% of the company’s stock.

Boxlight Company Profile

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Boxlight Corp. is a technology company, which engages in developing, selling, and providing interactive classroom solutions for the global education market. It also designs, manufactures, and distributes interactive projectors, flat panel displays, touch projectors, touch boards, and MimioTeach through the Boxlight Group and Genesis brands.