VOXX International (NASDAQ:VOXX) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

VOXX International (NASDAQ:VOXX) released its quarterly earnings results on Wednesday. The auto parts company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03, RTT News reports. The company had revenue of $93.45 million for the quarter. VOXX International had a negative net margin of 10.54% and a negative return on equity of 4.01%. During the same quarter in the prior year, the business posted ($0.74) EPS.

VOXX stock opened at $4.71 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.51 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $3.90. VOXX International has a one year low of $3.41 and a one year high of $5.95.

VOXX International announced that its board has approved a stock buyback plan on Tuesday, May 14th that permits the company to buyback 3,000,000 outstanding shares. This buyback authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Separately, TheStreet lowered shares of VOXX International from a “c-” rating to a “d” rating in a research report on Wednesday, June 19th.

About VOXX International

VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.

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Earnings History for VOXX International (NASDAQ:VOXX)

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