Universal Electronics Inc. (UEIC) to Release Earnings on Wednesday
Universal Electronics Inc. (NASDAQ:UEIC) will release its earnings data after the market closes on Wednesday, August 2nd. Analysts expect Universal Electronics to post earnings of $0.78 per share for the quarter. Universal Electronics has set its Q2 guidance at $0.72-0.82 EPS.
Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $162.30 million during the quarter, compared to analyst estimates of $158.77 million. Universal Electronics had a net margin of 2.68% and a return on equity of 14.40%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. On average, analysts expect Universal Electronics to post $3.35 EPS for the current fiscal year and $4.02 EPS for the next fiscal year.
Shares of Universal Electronics Inc. (UEIC) opened at 72.45 on Wednesday. The stock has a 50 day moving average of $66.93 and a 200 day moving average of $66.35. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 60.37 and a beta of 1.65. Universal Electronics Inc. has a 12-month low of $52.90 and a 12-month high of $80.42.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley reissued a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a research report on Wednesday, May 10th. Piper Jaffray Companies reissued a “buy” rating and set a $77.00 price target on shares of Universal Electronics in a research report on Friday, May 5th. Finally, Lake Street Capital cut shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.06.
In other Universal Electronics news, Director Edward K. Zinser sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $72.00, for a total value of $720,000.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,440,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.82% of the company’s stock.
About Universal Electronics
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
Receive News & Ratings for Universal Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.