Universal Electronics (UEIC) Set to Announce Quarterly Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is scheduled to be announcing its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.60 per share for the quarter.

Shares of Universal Electronics (NASDAQ:UEIC) opened at $43.60 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.34 and a quick ratio of 0.80. The firm has a market cap of $621.59, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50. Universal Electronics has a 1 year low of $41.95 and a 1 year high of $74.85.

In related news, insider David Cheung Hyen Chong sold 11,550 shares of Universal Electronics stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.31, for a total transaction of $581,080.50. Following the transaction, the insider now owns 31,657 shares of the company’s stock, valued at approximately $1,592,663.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J C. Sparkman acquired 2,000 shares of Universal Electronics stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $47.50 per share, for a total transaction of $95,000.00. Following the purchase, the director now directly owns 41,871 shares in the company, valued at $1,988,872.50. The disclosure for this purchase can be found here. 5.94% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on UEIC. BidaskClub lowered shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Piper Jaffray Companies reduced their target price on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, B. Riley set a $77.00 target price on shares of Universal Electronics and gave the company a “buy” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Universal Electronics currently has a consensus rating of “Hold” and a consensus target price of $72.75.

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Universal Electronics Company Profile

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)

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