Black Box Corp. (BBOX) Stock Price Up 5.5%
Black Box Corp. (NASDAQ:BBOX)’s share price rose 5.5% on Friday . The company traded as high as $13.65 and last traded at $13.65, with a volume of 75,244 shares. The stock had previously closed at $12.94.
The company’s market cap is $203.64 million. The firm has a 50-day moving average price of $12.73 and a 200 day moving average price of $11.89.
Black Box Corp. (NASDAQ:BBOX) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.12. The business earned $224.10 million during the quarter, compared to analyst estimates of $218.41 million. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. On average, analysts predict that Black Box Corp. will post $1.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.48 dividend on an annualized basis and a yield of 3.54%.
An institutional investor recently raised its position in Black Box Corp. stock. LSV Asset Management boosted its position in Black Box Corp. (NASDAQ:BBOX) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,147 shares of the company’s stock after buying an additional 80,000 shares during the period. LSV Asset Management owned approximately 3.69% of Black Box Corp. worth $5,414,000 as of its most recent SEC filing.
Black Box Corporation is a technology solutions provider engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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