Skullcandy Inc (SKUL) Updates FY14 Earnings Guidance
Skullcandy Inc (NASDAQ:SKUL) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.16-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13, American Banking and Market News reports. Skullcandy also updated its Q2 guidance to approx breakeven EPS.
A number of research firms have recently commented on SKUL. Analysts at TheStreet upgraded shares of Skullcandy from a sell rating to a hold rating in a research note on Monday, March 17th. On a related note, analysts at Jefferies Group reiterated an underperform rating on shares of Skullcandy in a research note on Thursday, March 13th. Finally, analysts at Jefferies Group raised their price target on shares of Skullcandy from $4.00 to $7.00 in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $8.80.
Skullcandy Inc (NASDAQ:SKUL) traded up 0.65% on Thursday, hitting $7.75. 475,218 shares of the company’s stock traded hands. Skullcandy Inc has a 1-year low of $4.81 and a 1-year high of $11.40. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $7.36. The company’s market cap is $215.3 million.
Skullcandy (NASDAQ:SKUL) last announced its earnings results on Thursday, May 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $39.23 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Skullcandy Inc will post $0.13 earnings per share for the current fiscal year.
Skullcandy, Inc is a designer, 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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