$0.34 Earnings Per Share Expected for ZAGG Inc (ZAGG) This Quarter
Wall Street analysts expect that ZAGG Inc (NASDAQ:ZAGG) will announce $0.34 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for ZAGG’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.21. ZAGG reported earnings per share of $0.29 during the same quarter last year, which would indicate a positive year over year growth rate of 17.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.
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 fiscal year, analysts forecast that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.01 to $1.28. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover ZAGG.
ZAGG (NASDAQ:ZAGG) last posted its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 earnings per share for the quarter, beating 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 firm had revenue of $115.20 million during the quarter, compared to the consensus estimate of $107.81 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year.
Several brokerages have commented on ZAGG. Zacks Investment Research lowered shares of ZAGG from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub upgraded shares of ZAGG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Craig Hallum restated a “buy” rating and issued a $23.00 price objective (up from $16.00) on shares of ZAGG in a report on Thursday, October 19th. Northland Securities upped 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. Finally, Roth Capital set a $9.00 price objective on shares of ZAGG and gave the stock a “hold” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.20.
Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of ZAGG by 0.4% in the 1st quarter. JPMorgan Chase & Co. now owns 24,142 shares of the specialty retailer’s stock worth $174,000 after acquiring an additional 91 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of ZAGG by 0.4% in the 1st quarter. Wells Fargo & Company MN now owns 28,525 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 100 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of ZAGG by 1.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 27,912 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 448 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of ZAGG by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 44,638 shares of the specialty retailer’s stock worth $386,000 after acquiring an additional 604 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of ZAGG by 7.0% in the 1st quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 1,117 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.
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Shares of ZAGG (ZAGG) opened at 16.30 on Friday. The company’s market capitalization is $455.81 million. The firm has a 50-day moving average of $15.07 and a 200 day moving average of $10.43. ZAGG has a 1-year low of $5.15 and a 1-year high of $18.20.
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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