Vuzix (VUZI) Releases Earnings Results, Misses Estimates By $0.04 EPS

Vuzix (NASDAQ:VUZI) issued its quarterly earnings data on Friday. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.04), MarketWatch Earnings reports. Vuzix had a negative return on equity of 61.62% and a negative net margin of 287.75%. The business had revenue of $1.98 million for the quarter.

Shares of VUZI traded down $0.31 during midday trading on Friday, hitting $3.45. The company had a trading volume of 745,926 shares, compared to its average volume of 334,101. The company has a market capitalization of $95.18 million, a P/E ratio of -3.38 and a beta of 0.75. Vuzix has a 52 week low of $3.01 and a 52 week high of $8.45.

Several large investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in Vuzix by 462.0% during the 2nd quarter. Northern Trust Corp now owns 255,197 shares of the company’s stock valued at $1,901,000 after purchasing an additional 209,786 shares during the period. Russell Investments Group Ltd. acquired a new stake in Vuzix during the third quarter valued at approximately $670,000. BlackRock Inc. raised its holdings in shares of Vuzix by 5.8% during the third quarter. BlackRock Inc. now owns 1,671,685 shares of the company’s stock valued at $10,949,000 after acquiring an additional 90,968 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of Vuzix during the third quarter valued at approximately $174,000. Finally, Virtu Financial LLC acquired a new position in Vuzix in the 3rd quarter valued at approximately $179,000. 22.45% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on VUZI shares. ValuEngine cut shares of Vuzix from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Zacks Investment Research cut shares of Vuzix from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th.

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Vuzix Company Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. Its wearable display products include augmented reality (AR) smart glasses for various enterprise and commercial users and applications; and video viewing glasses for on-the-go users as mobile displays for entertainment and gaming.

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Earnings History for Vuzix (NASDAQ:VUZI)

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