Boxlight Co. to Post Q3 2024 Earnings of $0.06 Per Share, HC Wainwright Forecasts (NASDAQ:BOXL)

Boxlight Co. (NASDAQ:BOXL) – HC Wainwright increased their Q3 2024 earnings estimates for shares of Boxlight in a report released on Thursday, May 9th. HC Wainwright analyst S. Buck now expects that the company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.05. HC Wainwright currently has a “Buy” rating and a $2.00 price target on the stock. The consensus estimate for Boxlight’s current full-year earnings is ($1.64) per share. HC Wainwright also issued estimates for Boxlight’s FY2025 earnings at ($0.51) EPS.

Separately, Alliance Global Partners lowered their price target on shares of Boxlight from $4.50 to $2.50 and set a “buy” rating on the stock in a research report on Thursday, March 14th.

Boxlight Stock Performance

Shares of NASDAQ BOXL opened at $0.62 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.17 and a quick ratio of 1.22. The firm has a market cap of $6.02 million, a price-to-earnings ratio of -0.15 and a beta of 1.28. The stock’s fifty day moving average price is $0.67 and its two-hundred day moving average price is $0.95. Boxlight has a one year low of $0.49 and a one year high of $3.09.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Wednesday, March 13th. The company reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.03. The company had revenue of $38.81 million for the quarter, compared to the consensus estimate of $36.48 million. Boxlight had a negative return on equity of 37.72% and a negative net margin of 22.16%. During the same quarter in the prior year, the business earned ($0.24) earnings per share.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.