Universal Electronics (NASDAQ:UEIC) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65. The company issued revenue guidance of $169-177 million, compared to the consensus revenue estimate of $171.94 million.
A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Universal Electronics from a sell rating to a strong sell rating in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Universal Electronics from a sell rating to a hold rating in a research report on Saturday, January 6th. Piper Jaffray Companies cut their price objective on shares of Universal Electronics to $70.00 and set an overweight rating for the company in a research report on Friday, November 3rd. Finally, B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the company a buy rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $71.75.
Universal Electronics (NASDAQ UEIC) opened at $54.25 on Friday. The company has a market cap of $627.31, a PE ratio of 20.02, a PEG ratio of 0.78 and a beta of 1.50. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. Universal Electronics has a 52-week low of $41.95 and a 52-week high of $72.50.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $181.15 million during the quarter, compared to analyst estimates of $175.42 million. Universal Electronics had a negative net margin of 1.48% and a positive return on equity of 11.36%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. sell-side analysts forecast that Universal Electronics will post 3.75 EPS for the current fiscal year.
In related news, COO Louis Sylvester Hughes sold 925 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $53.58, for a total value of $49,561.50. Following the sale, the chief operating officer now owns 1,502 shares of the company’s stock, valued at $80,477.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J C. Sparkman bought 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $47.50 per share, for a total transaction of $95,000.00. Following the purchase, the director now owns 41,871 shares of the company’s stock, valued at $1,988,872.50. The disclosure for this purchase can be found here. 5.94% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/24/universal-electronics-ueic-issues-q1-earnings-guidance.html.
About Universal Electronics
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.
Receive News & Ratings for Universal Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics and related companies with MarketBeat.com's FREE daily email newsletter.