Universal Electronics Inc. (UEIC) to Release Quarterly Earnings on Thursday
Universal Electronics Inc. (NASDAQ:UEIC) is scheduled to announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $177.58 million during the quarter, compared to analysts’ expectations of $176.12 million. Universal Electronics had a return on equity of 11.97% and a net margin of 2.37%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. On average, analysts expect Universal Electronics to post $3.14 EPS for the current fiscal year and $3.95 EPS for the next fiscal year.
Shares of Universal Electronics Inc. (UEIC) opened at 60.00 on Wednesday. The company’s 50-day moving average price is $62.72 and its 200-day moving average price is $64.10. Universal Electronics Inc. has a 52-week low of $52.90 and a 52-week high of $74.85. The stock has a market cap of $864.06 million, a PE ratio of 55.50 and a beta of 1.61.
A number of equities research analysts have recently issued reports on UEIC shares. Zacks Investment Research lowered Universal Electronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub raised Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. B. Riley set a $77.00 target price on Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday. Finally, ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Universal Electronics presently has an average rating of “Hold” and an average price target of $74.50.
In other Universal Electronics news, Director William C. Mulligan purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $55.91 per share, with a total value of $279,550.00. Following the completion of the transaction, the director now owns 17,966 shares of the company’s stock, valued at $1,004,479.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Stapleton sold 10,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the transaction, the director now directly owns 35,726 shares in the company, valued at $2,154,635.06. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by insiders.
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.
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