Equities analysts expect Zagg Inc (NASDAQ:ZAGG) to announce earnings of $0.76 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Zagg’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.70. Zagg posted earnings of ($0.08) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1,050%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Zagg will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.04. For the next fiscal year, analysts forecast that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Zagg.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Zagg had a return on equity of 6.59% and a net margin of 0.63%. The firm had revenue of $134.40 million for the quarter, compared to the consensus estimate of $128.23 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
ZAGG has been the topic of several recent research reports. TheStreet raised Zagg from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Craig Hallum reissued a “buy” rating and issued a $23.00 price target (up previously from $16.00) on shares of Zagg in a research note on Thursday, October 19th. Northland Securities reissued a “buy” rating and issued a $23.00 price target on shares of Zagg in a research note on Friday. B. Riley raised Zagg from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $20.00 in a research note on Thursday, November 2nd. Finally, Roth Capital set a $17.00 price target on Zagg and gave the company a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $18.83.
In other news, CEO Randall L. Hales sold 50,001 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.16, for a total value of $958,019.16. Following the completion of the transaction, the chief executive officer now owns 713,380 shares in the company, valued at approximately $13,668,360.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bradley J. Holiday sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $19.02, for a total value of $190,200.00. Following the completion of the transaction, the chief financial officer now owns 89,587 shares of the company’s stock, valued at approximately $1,703,944.74. The disclosure for this sale can be found here. Insiders sold a total of 99,830 shares of company stock valued at $1,903,425 in the last 90 days. 4.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ZAGG. AJO LP bought a new position in Zagg during the second quarter worth about $3,715,000. EAM Investors LLC bought a new stake in shares of Zagg during the third quarter worth approximately $6,040,000. Ameriprise Financial Inc. boosted its holdings in shares of Zagg by 1,068.2% during the third quarter. Ameriprise Financial Inc. now owns 374,657 shares of the specialty retailer’s stock worth $5,900,000 after acquiring an additional 342,585 shares during the period. Royce & Associates LP boosted its holdings in shares of Zagg by 43.4% during the second quarter. Royce & Associates LP now owns 576,154 shares of the specialty retailer’s stock worth $4,984,000 after acquiring an additional 174,254 shares during the period. Finally, Granahan Investment Management Inc. MA bought a new stake in shares of Zagg during the third quarter worth approximately $2,537,000. Institutional investors and hedge funds own 82.75% of the company’s stock.
Zagg (NASDAQ ZAGG) traded down $0.65 on Friday, hitting $19.50. The company’s stock had a trading volume of 866,300 shares, compared to its average volume of 460,525. Zagg has a 1 year low of $5.90 and a 1 year high of $23.70. The firm has a market cap of $545.52, a P/E ratio of 77.50, a price-to-earnings-growth ratio of 4.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68.
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Zagg Company Profile
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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