Universal Electronics CFO Bryan Hackworth Sells 10,000 Shares (UEIC)
Universal Electronics (NASDAQ:UEIC) CFO Bryan Hackworth unloaded 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.45, for a total transaction of $314,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,429 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Pacific Crest downgraded shares of Universal Electronics (NASDAQ:UEIC) from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, August 9th. They now have a $26.00 price target on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Universal Electronics (NASDAQ:UEIC) from $27.00 to $36.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Universal Electronics (NASDAQ:UEIC) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 5th. They now have a $32.00 price target on the stock.
One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Universal Electronics presently has an average rating of “Buy” and a consensus target price of $31.33.
Universal Electronics (NASDAQ:UEIC) traded up 0.73% during mid-day trading on Tuesday, hitting $31.82. The stock had a trading volume of 45,083 shares. Universal Electronics has a one year low of $14.36 and a one year high of $35.74. The stock has a 50-day moving average of $31.19 and a 200-day moving average of $26.39. The company has a market cap of $486.3 million and a P/E ratio of 25.91.
Universal Electronics (NASDAQ:UEIC) last released its earnings data on Thursday, August 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $127.04 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts predict that Universal Electronics will post $1.75 earnings per share for the current fiscal year.
Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.
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