Brokerages Expect Universal Electronics Inc (NASDAQ:UEIC) Will Post Earnings of $0.85 Per Share

Analysts expect that Universal Electronics Inc (NASDAQ:UEIC) will post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Universal Electronics’ earnings. Universal Electronics reported earnings of $0.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Universal Electronics will report full-year earnings of $3.27 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.28. For the next fiscal year, analysts expect that the company will post earnings of $3.57 per share, with EPS estimates ranging from $3.38 to $3.75. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Universal Electronics.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The firm had revenue of $193.90 million during the quarter, compared to analysts’ expectations of $178.11 million. Universal Electronics had a negative return on equity of 6.11% and a negative net margin of 2.22%.

UEIC has been the subject of a number of analyst reports. BidaskClub raised Universal Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. ValuEngine cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. B. Riley set a $53.00 price target on Universal Electronics and gave the stock a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research cut Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Sidoti raised Universal Electronics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $41.00 to $48.00 in a research report on Monday, June 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.00.

Shares of NASDAQ:UEIC traded down $2.11 on Friday, reaching $42.92. The company had a trading volume of 78,588 shares, compared to its average volume of 101,753. Universal Electronics has a twelve month low of $23.29 and a twelve month high of $48.86. The stock has a 50-day moving average price of $42.68 and a 200 day moving average price of $38.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.34 and a quick ratio of 0.83.

In other news, Director Carl E. Vogel sold 12,500 shares of Universal Electronics stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $45.54, for a total value of $569,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William C. Mulligan sold 7,811 shares of Universal Electronics stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $44.84, for a total value of $350,245.24. Following the completion of the transaction, the director now owns 23,153 shares in the company, valued at $1,038,180.52. The disclosure for this sale can be found here. Insiders sold 22,311 shares of company stock valued at $1,001,595 in the last ninety days. Insiders own 7.09% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zions Bancorporation N.A. bought a new position in shares of Universal Electronics in the first quarter worth about $41,000. Bank of Montreal Can increased its stake in shares of Universal Electronics by 1,037.0% in the second quarter. Bank of Montreal Can now owns 1,228 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,120 shares during the period. First Quadrant L P CA bought a new position in shares of Universal Electronics in the second quarter worth about $62,000. Manchester Capital Management LLC bought a new position in shares of Universal Electronics in the first quarter worth about $57,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Universal Electronics by 141.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,514 shares of the technology company’s stock worth $131,000 after purchasing an additional 2,057 shares during the period.

About Universal Electronics

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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