Zagg Inc (ZAGG) Expected to Announce Quarterly Sales of $167.06 Million
Wall Street brokerages expect that Zagg Inc (NASDAQ:ZAGG) will announce sales of $167.06 million for the current quarter, according to Zacks. Four analysts have provided estimates for Zagg’s earnings. The highest sales estimate is $177.33 million and the lowest is $160.00 million. Zagg reported sales of $114.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 45.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Zagg will report full-year sales of $167.06 million for the current fiscal year, with estimates ranging from $502.76 million to $519.90 million. For the next year, analysts expect that the company will report sales of $575.61 million per share, with estimates ranging from $559.47 million to $600.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Zagg.
A number of research analysts recently issued reports on the stock. Northland Securities reiterated a “buy” rating and set a $23.00 target price on shares of Zagg in a research report on Friday, December 1st. Craig Hallum set a $24.00 target price on shares of Zagg and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Zagg from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Saturday, January 6th. TheStreet upgraded shares of Zagg from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Zagg from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Zagg presently has a consensus rating of “Buy” and a consensus target price of $18.67.
Zagg (NASDAQ:ZAGG) traded up $0.25 during trading hours on Friday, hitting $15.95. 260,299 shares of the stock were exchanged, compared to its average volume of 689,154. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.68 and a current ratio of 1.12. Zagg has a 12 month low of $5.90 and a 12 month high of $23.70. The company has a market cap of $446.20, a price-to-earnings ratio of 159.50, a P/E/G ratio of 2.35 and a beta of 0.88.
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ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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