Universal Electronics Inc. (UEIC) Scheduled to Post Quarterly Earnings on Thursday
Universal Electronics Inc. (NASDAQ:UEIC) is set to issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Universal Electronics has set its Q3 guidance at $0.80-0.90 EPS.
Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, August 3rd. The technology company reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Universal Electronics had a net margin of 2.37% and a return on equity of 11.97%. The business had revenue of $177.58 million during the quarter, compared to analysts’ expectations of $176.12 million. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect Universal Electronics to post $3.14 EPS for the current fiscal year and $3.95 EPS for the next fiscal year.
Universal Electronics Inc. (NASDAQ UEIC) opened at 62.05 on Thursday. The company has a 50 day moving average of $62.29 and a 200 day moving average of $64.29. The company has a market capitalization of $893.58 million, a PE ratio of 57.40 and a beta of 1.62. Universal Electronics Inc. has a 1-year low of $52.90 and a 1-year high of $74.85.
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In other Universal Electronics news, Director William C. Mulligan acquired 5,000 shares of Universal Electronics stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of $55.91 per share, for a total transaction of $279,550.00. Following the purchase, the director now directly owns 17,966 shares of the company’s stock, valued at $1,004,479.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory Stapleton sold 10,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the completion of the transaction, the director now owns 35,726 shares of the company’s stock, valued at approximately $2,154,635.06. The disclosure for this sale can be found here. 5.82% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on UEIC. BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. B. Riley restated a “buy” rating and issued a $77.25 price objective on shares of Universal Electronics in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded Universal Electronics from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $74.56.
Universal Electronics Company Profile
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.
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