Zacks: Analysts Expect ZAGG Inc (ZAGG) to Announce $0.76 EPS
Equities research analysts expect that ZAGG Inc (NASDAQ:ZAGG) will report $0.76 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for ZAGG’s earnings, with estimates ranging from $0.70 to $0.79. ZAGG reported earnings of ($0.08) per share in the same quarter last year, which indicates a positive year over year growth rate of 1,050%. The business is expected to report its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that ZAGG will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.04. For the next year, analysts forecast that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for ZAGG.
ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. ZAGG had a return on equity of 6.59% and a net margin of 0.63%. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $128.23 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year.
In other news, CEO Randall L. Hales sold 50,001 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.16, for a total value of $958,019.16. Following the transaction, the chief executive officer now directly owns 713,380 shares of the company’s stock, valued at $13,668,360.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Randall L. Hales sold 19,829 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.85, for a total transaction of $393,605.65. Following the completion of the transaction, the chief executive officer now directly owns 713,380 shares in the company, valued at $14,160,593. The disclosure for this sale can be found here. Insiders sold 99,830 shares of company stock worth $1,903,425 over the last ninety days. 4.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of ZAGG by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,106,248 shares of the specialty retailer’s stock worth $7,964,000 after acquiring an additional 66,284 shares during the last quarter. Wasatch Advisors Inc. increased its position in ZAGG by 7.3% during the second quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock worth $11,855,000 after buying an additional 93,551 shares during the last quarter. Moors & Cabot Inc. increased its position in ZAGG by 49.8% during the second quarter. Moors & Cabot Inc. now owns 119,900 shares of the specialty retailer’s stock worth $1,040,000 after buying an additional 39,850 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in ZAGG during the second quarter worth $602,000. Finally, Numeric Investors LLC acquired a new position in ZAGG during the second quarter worth $707,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of ZAGG (NASDAQ:ZAGG) traded up $0.55 during trading hours on Friday, hitting $21.40. The stock had a trading volume of 1,449,700 shares, compared to its average volume of 431,492. ZAGG has a one year low of $5.90 and a one year high of $21.95. The firm has a market cap of $597.27, a P/E ratio of 80.19, a PEG ratio of 4.23 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68.
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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