Black Box Corp. (BBOX) Trading Down 4.8%
Black Box Corp. (NASDAQ:BBOX)’s share price was down 4.8% on Tuesday . The company traded as low as $13.93 and last traded at $13.94, with a volume of 69,394 shares traded. The stock had previously closed at $14.65.
The firm has a 50-day moving average price of $13.96 and a 200 day moving average price of $13.55. The firm’s market capitalization is $211.16 million.
Black Box Corp. (NASDAQ:BBOX) last announced its earnings results on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.09. Black Box Corp. had a negative net margin of 19.10% and a positive return on equity of 8.73%. The business had revenue of $218.50 million for the quarter, compared to the consensus estimate of $218.03 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Black Box Corp. will post $0.75 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, September 28th. Black Box Corp.’s dividend payout ratio (DPR) is presently -4.27%.
Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in Black Box Corp. by 32.2% in the second quarter. Acrospire Investment Management LLC now owns 7,893 shares of the company’s stock valued at $103,000 after buying an additional 1,921 shares in the last quarter. BlackRock Inc. raised its position in Black Box Corp. by 313.4% in the second quarter. BlackRock Inc. now owns 8,686 shares of the company’s stock valued at $113,000 after buying an additional 6,585 shares in the last quarter. Suntrust Banks Inc. bought a new position in Black Box Corp. during the second quarter valued at about $132,000. Panagora Asset Management Inc. raised its position in Black Box Corp. by 187.8% in the second quarter. Panagora Asset Management Inc. now owns 11,896 shares of the company’s stock valued at $156,000 after buying an additional 7,762 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in Black Box Corp. during the first quarter valued at about $162,000. 97.21% of the stock is owned by hedge funds and other institutional investors.
Black Box Corp. Company Profile
Black Box Corporation is a technology solutions provider. The Company is 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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