Zacks: Black Box Co. (BBOX) Given $10.00 Consensus Price Target by Analysts
Black Box Co. (NASDAQ:BBOX) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Black Box an industry rank of 33 out of 265 based on the ratings given to related companies.
In other news, insider Joel T. Trammell bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $3.95 per share, with a total value of $177,750.00. Following the completion of the purchase, the insider now directly owns 77,320 shares of the company’s stock, valued at approximately $305,414. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.
Shares of Black Box (NASDAQ BBOX) traded up $0.02 during mid-day trading on Friday, reaching $3.70. The company had a trading volume of 108,700 shares, compared to its average volume of 160,125. Black Box has a fifty-two week low of $2.85 and a fifty-two week high of $14.85. The company has a market capitalization of $55.93, a PE ratio of -2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 1.52.
Black Box (NASDAQ:BBOX) last announced its earnings results on Tuesday, October 31st. The technology company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.01. Black Box had a negative return on equity of 2.71% and a negative net margin of 2.69%. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $193.85 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis.
Black Box 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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