B.O.S. Better Online Solutions (NASDAQ:BOSC) Announces Earnings Results, Misses Estimates By $0.03 EPS

B.O.S. Better Online Solutions (NASDAQ:BOSC) posted its earnings results on Thursday. The communications equipment provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03), Zacks reports. B.O.S. Better Online Solutions had a return on equity of 17.04% and a net margin of 7.14%.During the same period in the previous year, the business posted $0.22 EPS.

B.O.S. Better Online Solutions Trading Down 1.6%

B.O.S. Better Online Solutions stock opened at $4.68 on Thursday. The stock has a 50-day moving average of $4.70 and a two-hundred day moving average of $4.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.70. B.O.S. Better Online Solutions has a one year low of $4.10 and a one year high of $6.72. The stock has a market cap of $32.97 million, a PE ratio of 8.35 and a beta of 1.16.

Hedge Funds Weigh In On B.O.S. Better Online Solutions

Several hedge funds have recently modified their holdings of BOSC. Renaissance Technologies LLC grew its position in B.O.S. Better Online Solutions by 13.7% during the 4th quarter. Renaissance Technologies LLC now owns 236,907 shares of the communications equipment provider’s stock worth $1,080,000 after purchasing an additional 28,540 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in B.O.S. Better Online Solutions by 65.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock valued at $294,000 after purchasing an additional 25,589 shares in the last quarter. Militia Capital Partners LP purchased a new position in shares of B.O.S. Better Online Solutions in the second quarter worth $619,000. XTX Topco Ltd lifted its stake in shares of B.O.S. Better Online Solutions by 42.0% during the fourth quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after buying an additional 6,334 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of B.O.S. Better Online Solutions during the fourth quarter worth $125,000. Institutional investors and hedge funds own 15.06% of the company’s stock.

Analysts Set New Price Targets

BOSC has been the topic of a number of analyst reports. Alliance Global Partners initiated coverage on B.O.S. Better Online Solutions in a report on Thursday, April 23rd. They issued a “buy” rating and a $8.00 price target on the stock. Wall Street Zen raised B.O.S. Better Online Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings upgraded B.O.S. Better Online Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.