Zagg (NASDAQ:ZAGG) issued its earnings results on Tuesday. The specialty retailer reported ($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.09), Bloomberg Earnings reports. The business had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $105.41 million. Zagg had a net margin of 3.51% and a return on equity of 13.95%. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Zagg updated its FY 2019 guidance to $0.75-1.00 EPS and its FY19 guidance to $0.75-1.00 EPS.
Zagg stock traded up $0.91 during midday trading on Tuesday, hitting $6.94. 1,985,936 shares of the stock were exchanged, compared to its average volume of 467,799. Zagg has a fifty-two week low of $5.43 and a fifty-two week high of $16.70. The firm has a market cap of $175.23 million, a PE ratio of 4.82, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. The stock’s 50-day moving average price is $6.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.01 and a quick ratio of 1.08.
ZAGG has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Zagg from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 11th. BidaskClub cut shares of Zagg from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $13.50.
Zagg Company Profile
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.
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