VOXX International Corp. (VOXX) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS
VOXX International Corp. (NASDAQ:VOXX) posted its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.13, AR Network reports. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $250.46 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.
Shares of VOXX International Corp. (NASDAQ:VOXX) traded up 0.95% on Wednesday, hitting $16.99. 367,637 shares of the company’s stock traded hands. VOXX International Corp. has a 52-week low of $7.49 and a 52-week high of $18.00. The stock’s 50-day moving average is $16.7 and its 200-day moving average is $14.46. The company has a market cap of $412.5 million and a price-to-earnings ratio of 13.30.
In other VOXX International Corp. news, SVP David Geise sold 12,500 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.37, for a total transaction of $204,625.00. Following the completion of the transaction, the senior vice president now directly owns 3,310 shares in the company, valued at approximately $54,185. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
VOXX has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of VOXX International Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $17.00 price target on the stock. On the ratings front, analysts at Needham & Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Friday, December 6th. They set a “strong-buy” rating and a $23.00 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $19.25.
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox Corporation, is an international distributor in the accessory, mobile and consumer electronics industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.