Skullcandy (SKUL) Posts Quarterly Results
Skullcandy (NASDAQ:SKUL) posted its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.04, AR Network reports. The company had revenue of $50.00 million for the quarter, compared to the consensus estimate of $51.65 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 29.6% on a year-over-year basis.
A number of analysts have recently weighed in on SKUL shares. Analysts at TheStreet downgraded shares of Skullcandy from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 14th. Finally, analysts at Imperial Capital initiated coverage on shares of Skullcandy in a research note to investors on Thursday, September 26th. They set an “in-line” rating and a $7.00 price target on the stock. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.11.
Shares of Skullcandy (NASDAQ:SKUL) traded down 2.05% on Wednesday, hitting $6.20. 423,320 shares of the company’s stock traded hands. Skullcandy has a one year low of $4.80 and a one year high of $14.58. The stock’s 50-day moving average is $5.48 and its 200-day moving average is $5.4. The company has a market cap of $172.1 million and a P/E ratio of 17.39.
Skullcandy, Inc is a esigner, marketer and distributor of performance audio and gaming headphones and other accessory related products under the Skullcandy, Astro Gaming and 2XL by Skullcandy brands.
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