Zacks: Brokerages Anticipate VOXX International Corp (VOXX) to Announce $0.05 Earnings Per Share

Wall Street brokerages expect VOXX International Corp (NASDAQ:VOXX) to report earnings per share of $0.05 for the current quarter, according to Zacks. Zero analysts have made estimates for VOXX International’s earnings. The business is expected to announce its next earnings report on Monday, May 21st.

On average, analysts expect that VOXX International will report full year earnings of ($0.35) per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of $0.44 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow VOXX International.

VOXX International (NASDAQ:VOXX) last issued its quarterly earnings data on Tuesday, January 9th. The auto parts company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.14 by $0.21. VOXX International had a negative return on equity of 2.89% and a net margin of 3.79%. The company had revenue of $156.60 million for the quarter, compared to analyst estimates of $151.00 million. During the same period last year, the company earned $0.24 earnings per share. VOXX International’s quarterly revenue was down .5% compared to the same quarter last year.

VOXX has been the topic of several research reports. Zacks Investment Research downgraded VOXX International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. TheStreet downgraded VOXX International from a “c-” rating to a “d+” rating in a research report on Tuesday, October 24th.

Shares of VOXX International (VOXX) opened at $6.20 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.70 and a quick ratio of 1.46. VOXX International has a 1-year low of $4.05 and a 1-year high of $9.00. The company has a market capitalization of $159.71, a P/E ratio of 6.67 and a beta of 0.76.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new position in shares of VOXX International in the second quarter valued at approximately $102,000. GSA Capital Partners LLP purchased a new position in shares of VOXX International in the second quarter valued at approximately $125,000. The Manufacturers Life Insurance Company purchased a new position in shares of VOXX International in the second quarter valued at approximately $129,000. New York State Common Retirement Fund purchased a new position in shares of VOXX International in the second quarter valued at approximately $175,000. Finally, Royal Bank of Canada lifted its position in shares of VOXX International by 0.6% in the second quarter. Royal Bank of Canada now owns 23,250 shares of the auto parts company’s stock valued at $190,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.

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About VOXX International

VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.

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