Equities research analysts expect Universal Electronics Inc (NASDAQ:UEIC) to report $0.85 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Universal Electronics’ earnings. Universal Electronics reported earnings per share of $0.69 during the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The company is expected to announce its next quarterly earnings results 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 financial year, analysts forecast that the business will report earnings of $3.57 per share, with EPS estimates ranging from $3.38 to $3.75. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for 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 for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. Universal Electronics had a negative net margin of 2.22% and a negative return on equity of 6.11%. The business had revenue of $193.90 million during the quarter, compared to analyst estimates of $178.11 million.

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

Universal Electronics stock traded up $0.31 during mid-day trading on Friday, reaching $45.89. The company’s stock had a trading volume of 686 shares, compared to its average volume of 97,747. Universal Electronics has a 12-month low of $23.29 and a 12-month high of $48.86. The company has a market capitalization of $618.60 million, a P/E ratio of 54.52, a PEG ratio of 4.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.34. The firm’s fifty day moving average price is $42.43 and its two-hundred day moving average price is $38.23.

In other news, insider David Cheung Hyen Chong sold 2,000 shares of Universal Electronics stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $41.05, for a total transaction of $82,100.00. Following the completion of the sale, the insider now directly owns 13,719 shares of the company’s stock, valued at approximately $563,164.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Mulligan sold 7,811 shares of Universal Electronics stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $44.84, for a total transaction of $350,245.24. Following the sale, the director now directly owns 23,153 shares of the company’s stock, valued at $1,038,180.52. The disclosure for this sale can be found here. 7.09% of the stock is owned by company insiders.

Several hedge funds and other 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 approximately $41,000. Bank of Montreal Can increased its stake in Universal Electronics by 1,037.0% in the 2nd quarter. Bank of Montreal Can now owns 1,228 shares of the technology company’s stock worth $51,000 after buying an additional 1,120 shares during the period. Manchester Capital Management LLC purchased a new position in Universal Electronics in the 1st quarter worth about $57,000. First Quadrant L P CA purchased a new position in Universal Electronics in the 2nd quarter worth about $62,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Universal Electronics in the 4th quarter worth about $101,000.

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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