Turtle Beach Corporation (HEAR) Set to Announce Earnings on Thursday
Turtle Beach Corporation (NASDAQ:HEAR) is set to post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Turtle Beach Corporation to post earnings of ($0.05) per share for the quarter.
Turtle Beach Corporation (NASDAQ:HEAR) last released its quarterly earnings data on Thursday, August 10th. The communications equipment provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $19.11 million for the quarter, compared to the consensus estimate of $17.54 million. On average, analysts expect Turtle Beach Corporation to post $-0.06 EPS for the current fiscal year and $0.01 EPS for the next fiscal year.
Turtle Beach Corporation (NASDAQ:HEAR) opened at 0.69 on Wednesday. The company’s market capitalization is $34.08 million. Turtle Beach Corporation has a 12-month low of $0.56 and a 12-month high of $2.00. The stock’s 50 day moving average is $0.78 and its 200-day moving average is $0.76.
Several equities analysts recently commented on HEAR shares. Zacks Investment Research upgraded shares of Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Tuesday, August 15th. B. Riley restated a “neutral” rating and issued a $1.30 price target on shares of Turtle Beach Corporation in a research note on Sunday, July 23rd. Finally, ValuEngine downgraded shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.
In related news, insider Frederick J. Romano sold 56,792 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total transaction of $45,433.60. Following the completion of the sale, the insider now owns 4,702,725 shares of the company’s stock, valued at $3,762,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick J. Romano sold 1,200,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $0.73, for a total transaction of $876,000.00. Following the sale, the insider now directly owns 3,433,489 shares of the company’s stock, valued at approximately $2,506,446.97. The disclosure for this sale can be found here. Insiders have sold 1,378,666 shares of company stock valued at $1,018,933 in the last ninety days. 59.60% of the stock is currently owned by company insiders.
Turtle Beach Corporation Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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