ZAGG Inc (ZAGG) Set to Announce Quarterly Earnings on Monday
ZAGG Inc (NASDAQ:ZAGG) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
ZAGG (NASDAQ:ZAGG) last posted its earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $115.20 million for the quarter, compared to the consensus estimate of $107.81 million. ZAGG had a positive return on equity of 5.34% and a negative net margin of 3.12%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, analysts expect ZAGG to post $0.85 EPS for the current fiscal year and $1.09 EPS for the next fiscal year.
Shares of ZAGG Inc (NASDAQ:ZAGG) opened at 17.15 on Monday. ZAGG Inc has a 52-week low of $5.15 and a 52-week high of $17.50. The stock’s market cap is $479.58 million. The firm’s 50 day moving average price is $14.80 and its 200 day moving average price is $10.20.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of ZAGG from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. BidaskClub raised shares of ZAGG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Craig Hallum reaffirmed a “buy” rating and issued a $23.00 target price (up previously from $16.00) on shares of ZAGG in a report on Thursday. Northland Securities upped their target price on shares of ZAGG from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Finally, Roth Capital set a $9.00 target price on shares of ZAGG and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. ZAGG currently has a consensus rating of “Buy” and a consensus target price of $15.20.
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.
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