Universal Electronics Inc. (NASDAQ:UEIC) posted its quarterly earnings data on Thursday. The technology company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04), Bloomberg Earnings reports. Universal Electronics had a return on equity of 11.97% and a net margin of 2.37%. The firm had revenue of $175.51 million during the quarter, compared to the consensus estimate of $182.53 million. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Universal Electronics updated its Q4 guidance to $0.55-0.65 EPS.

In other news, Director Gregory Stapleton sold 10,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $60.31, for a total value of $603,100.00. Following the transaction, the director now owns 35,726 shares of the company’s stock, valued at approximately $2,154,635.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William C. Mulligan purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $55.91 per share, for a total transaction of $279,550.00. Following the purchase, the director now owns 17,966 shares in the company, valued at $1,004,479.06. The disclosure for this purchase can be found here. Corporate insiders own 5.82% of the company’s stock.

A number of research firms have recently commented on UEIC. B. Riley reissued a “buy” rating and issued a $77.25 price objective on shares of Universal Electronics in a research note on Monday, July 31st. Zacks Investment Research raised Universal Electronics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $74.50.

TRADEMARK VIOLATION WARNING: “Universal Electronics Inc. (UEIC) Releases Earnings Results, Misses Expectations By $0.04 EPS” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/universal-electronics-inc-ueic-releases-earnings-results-misses-expectations-by-0-04-eps.html.

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.

Earnings History for Universal Electronics (NASDAQ:UEIC)

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.