Equities research analysts expect ZAGG Inc (NASDAQ:ZAGG) to post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for ZAGG’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.21. ZAGG reported earnings of $0.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.2%. The firm is expected to announce its next earnings report on Tuesday, November 7th.

On average, analysts expect that ZAGG will report full-year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.92. For the next year, analysts forecast that the business will post earnings of $1.09 per share, with EPS estimates ranging from $1.01 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow ZAGG.

ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. ZAGG had a negative net margin of 3.12% and a positive return on equity of 5.34%. The business had revenue of $115.20 million for the quarter, compared to analysts’ expectations of $107.81 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year.

Several research analysts have recently issued reports on the stock. Roth Capital set a $9.00 price objective on shares of ZAGG and gave the stock a “hold” rating in a report on Saturday, June 17th. BidaskClub upgraded shares of ZAGG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of ZAGG from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a report on Friday, August 4th. Wunderlich restated a “buy” rating and set a $10.00 price objective on shares of ZAGG in a report on Friday, June 9th. Finally, Northland Securities boosted their price objective on shares of ZAGG from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. ZAGG has a consensus rating of “Buy” and a consensus price target of $11.25.

Shares of ZAGG (NASDAQ:ZAGG) traded down 4.397% during trading on Wednesday, hitting $14.675. 675,138 shares of the stock traded hands. The firm has a 50 day moving average price of $11.48 and a 200-day moving average price of $8.78. The company’s market cap is $410.37 million. ZAGG has a one year low of $5.15 and a one year high of $15.70.

Several large investors have recently bought and sold shares of the company. Wasatch Advisors Inc. increased its holdings in shares of ZAGG by 7.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock worth $11,855,000 after purchasing an additional 93,551 shares during the period. Vanguard Group Inc. increased its holdings in shares of ZAGG by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,183,161 shares of the specialty retailer’s stock worth $10,235,000 after purchasing an additional 76,913 shares during the period. Penn Capital Management Co. Inc. increased its holdings in shares of ZAGG by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 624,911 shares of the specialty retailer’s stock worth $5,405,000 after purchasing an additional 7,041 shares during the period. Royce & Associates LP increased its holdings in shares of ZAGG by 43.4% during the 2nd quarter. Royce & Associates LP now owns 576,154 shares of the specialty retailer’s stock worth $4,984,000 after purchasing an additional 174,254 shares during the period. Finally, State Street Corp increased its holdings in shares of ZAGG by 8.0% during the 2nd quarter. State Street Corp now owns 451,148 shares of the specialty retailer’s stock worth $3,904,000 after purchasing an additional 33,602 shares during the period. Institutional investors own 81.77% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/09/20/zagg-inc-zagg-expected-to-announce-earnings-of-0-34-per-share.html.

ZAGG Company Profile

ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.

Get a free copy of the Zacks research report on ZAGG (ZAGG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ZAGG Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZAGG Inc and related companies with MarketBeat.com's FREE daily email newsletter.