$0.38 EPS Expected for Universal Electronics Inc (UEIC) This Quarter

Equities research analysts predict that Universal Electronics Inc (NASDAQ:UEIC) will announce earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Universal Electronics’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.40. Universal Electronics posted earnings of $0.78 per share during the same quarter last year, which indicates a negative year over year growth rate of 51.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Universal Electronics will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.69. For the next year, analysts forecast that the company will report earnings of $3.37 per share, with EPS estimates ranging from $2.86 to $4.25. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Universal Electronics.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The business had revenue of $164.70 million during the quarter, compared to the consensus estimate of $172.68 million. Universal Electronics had a positive return on equity of 9.08% and a negative net margin of 1.58%.

UEIC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 3rd. BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 20th. Piper Jaffray Companies lowered shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a research note on Friday, May 4th. B. Riley lowered shares of Universal Electronics from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $75.00 to $46.00 in a research note on Friday, May 4th. Finally, ValuEngine lowered shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $63.00.

NASDAQ:UEIC traded down $0.35 on Friday, reaching $33.05. 177,298 shares of the stock traded hands, compared to its average volume of 131,328. The firm has a market cap of $471.80 million, a P/E ratio of 11.76, a P/E/G ratio of 4.84 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 1.24. Universal Electronics has a 12 month low of $26.97 and a 12 month high of $72.50.

In other news, insider Menno Koopmans sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $30.30, for a total transaction of $30,300.00. Following the sale, the insider now owns 1,633 shares of the company’s stock, valued at approximately $49,479.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Cheung Hyen Chong purchased 3,095 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were bought at an average cost of $28.93 per share, for a total transaction of $89,538.35. Following the acquisition, the executive vice president now owns 29,442 shares in the company, valued at $851,757.06. The disclosure for this purchase can be found here. Company insiders own 5.97% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Universal Electronics by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 109,653 shares of the technology company’s stock valued at $5,707,000 after acquiring an additional 2,599 shares during the last quarter. RMB Capital Management LLC boosted its holdings in shares of Universal Electronics by 13.9% during the 1st quarter. RMB Capital Management LLC now owns 81,754 shares of the technology company’s stock valued at $4,255,000 after acquiring an additional 9,972 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Universal Electronics by 28.9% during the 1st quarter. Citadel Advisors LLC now owns 36,777 shares of the technology company’s stock valued at $1,914,000 after acquiring an additional 8,243 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Electronics by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 707,924 shares of the technology company’s stock worth $36,847,000 after buying an additional 61,868 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Universal Electronics by 344.8% in the first quarter. JPMorgan Chase & Co. now owns 22,288 shares of the technology company’s stock worth $1,160,000 after buying an additional 17,277 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

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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