Wall Street brokerages expect Turtle Beach Corporation (NASDAQ:HEAR) to announce earnings per share (EPS) of $0.32 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Turtle Beach’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.34. Turtle Beach reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 28%. The company is scheduled to issue its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that Turtle Beach will report full year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.07) to ($0.06). For the next financial year, analysts forecast that the company will post earnings of $0.01 per share, with EPS estimates ranging from ($0.02) to $0.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Turtle Beach.

Turtle Beach (NASDAQ:HEAR) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $35.98 million for the quarter, compared to the consensus estimate of $39.85 million.

HEAR has been the subject of a number of analyst reports. ValuEngine lowered shares of Turtle Beach from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Turtle Beach from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th.

Shares of Turtle Beach (HEAR) traded down $0.02 during trading hours on Wednesday, hitting $0.52. 106,600 shares of the company were exchanged, compared to its average volume of 243,163. The company has a quick ratio of 0.42, a current ratio of 1.06 and a debt-to-equity ratio of -0.74. Turtle Beach has a twelve month low of $0.47 and a twelve month high of $1.74.

In other Turtle Beach news, insider Frederick J. Romano sold 56,792 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total value of $45,433.60. Following the transaction, the insider now owns 4,702,725 shares in the company, valued at approximately $3,762,180. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Juergen M. Stark acquired 83,333 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $0.54 per share, for a total transaction of $44,999.82. The disclosure for this purchase can be found here. Insiders have sold 1,378,666 shares of company stock worth $1,018,933 in the last 90 days. 59.60% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in HEAR. Virtu KCG Holdings LLC acquired a new position in shares of Turtle Beach during the 2nd quarter worth $107,000. Coldstream Capital Management Inc. acquired a new position in shares of Turtle Beach during the 2nd quarter worth $3,310,000. Perkins Capital Management Inc. increased its stake in shares of Turtle Beach by 19.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 626,359 shares of the communications equipment provider’s stock worth $520,000 after purchasing an additional 100,059 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Turtle Beach during the 3rd quarter worth $116,000. Hedge funds and other institutional investors own 16.33% of the company’s stock.

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About Turtle Beach

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

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Earnings History and Estimates for Turtle Beach (NASDAQ:HEAR)

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