Universal Electronics (NASDAQ:UEIC) posted its quarterly earnings results on Thursday. The technology company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.15, Fidelity Earnings reports. The company had revenue of $200.72 million for the quarter, compared to the consensus estimate of $191.15 million. Universal Electronics had a negative net margin of 2.22% and a negative return on equity of 6.11%.
Universal Electronics stock traded up $4.48 during midday trading on Friday, hitting $59.41. 252,900 shares of the company’s stock were exchanged, compared to its average volume of 114,922. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.34. Universal Electronics has a 12 month low of $23.29 and a 12 month high of $60.00. The firm has a 50-day moving average of $50.68 and a two-hundred day moving average of $44.24. The company has a market cap of $760.86 million, a PE ratio of 69.89, a P/E/G ratio of 5.45 and a beta of 1.23.
In other Universal Electronics news, Director William C. Mulligan sold 7,811 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $44.84, for a total transaction of $350,245.24. Following the transaction, the director now directly owns 23,153 shares in the company, valued at approximately $1,038,180.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl E. Vogel sold 12,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $45.54, for a total transaction of $569,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,753 shares of company stock worth $1,257,361. 7.09% of the stock is owned by company insiders.
Several research analysts have issued reports on UEIC shares. ValuEngine cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, BidaskClub upgraded shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Universal Electronics presently has a consensus rating of “Buy” and a consensus price target of $50.00.
About Universal Electronics
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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