News headlines about Universal Electronics (NASDAQ:UEIC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Electronics earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.1938399155108 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Universal Electronics (NASDAQ UEIC) opened at $49.30 on Friday. The firm has a market capitalization of $718.15, a P/E ratio of 23.24, a PEG ratio of 1.59 and a beta of 1.52. 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 twelve month low of $48.50 and a twelve month high of $74.85.
Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04). The business had revenue of $175.51 million for the quarter, compared to the consensus estimate of $182.53 million. Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. sell-side analysts forecast that Universal Electronics will post 2.11 EPS for the current year.
A number of research firms have recently weighed in on UEIC. Zacks Investment Research cut Universal Electronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. Piper Jaffray Companies cut their price target on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. B. Riley set a $77.00 price target on Universal Electronics and gave the company a “buy” rating in a report on Tuesday, October 31st. BidaskClub cut Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $72.75.
In related news, Director Gregory Stapleton sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $60.31, for a total transaction of $603,100.00. Following the sale, the director now owns 35,726 shares of the company’s stock, valued at $2,154,635.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Cheung Hyen Chong sold 11,550 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.31, for a total value of $581,080.50. Following the sale, the insider now directly owns 31,657 shares in the company, valued at approximately $1,592,663.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,475 shares of company stock worth $1,233,742. 5.94% of the stock is owned by corporate insiders.
Universal Electronics Company Profile
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.
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