Black Box Corp. (BBOX) Trading 5.5% Higher
Black Box Corp. (NASDAQ:BBOX) traded up 5.5% on Friday . The stock traded as high as $13.65 and last traded at $13.65, with a volume of 75,244 shares traded. The stock had previously closed at $12.94.
The firm’s market capitalization is $203.64 million. The firm has a 50 day moving average of $12.78 and a 200-day moving average of $11.92.
Black Box Corp. (NASDAQ:BBOX) last posted its earnings results on Tuesday, May 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.12. The company earned $224.10 million during the quarter, compared to the consensus estimate of $218.41 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities analysts forecast that Black Box Corp. will post $1.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.54%.
A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission. The institutional investor owned 568,147 shares of the company’s stock after buying an additional 80,000 shares during the period. LSV Asset Management owned about 3.69% of Black Box Corp. worth $5,414,000 at the end of the most recent reporting period.
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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