Universal Electronics (UEIC) to Release Quarterly Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Universal Electronics to post earnings of ($0.24) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.28). The company had revenue of $97.59 million for the quarter, compared to analysts’ expectations of $97.52 million. Universal Electronics had a negative net margin of 23.36% and a negative return on equity of 25.49%. On average, analysts expect Universal Electronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Universal Electronics Trading Up 0.6 %

Shares of NASDAQ:UEIC opened at $9.80 on Thursday. The stock has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $8.76. The stock has a market capitalization of $127.11 million, a price-to-earnings ratio of -1.28 and a beta of 1.14. Universal Electronics has a 12-month low of $7.02 and a 12-month high of $11.84.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UEIC. B. Riley lifted their price objective on Universal Electronics from $9.00 to $10.50 and gave the company a “neutral” rating in a research note on Friday, February 16th. StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research note on Friday, March 15th.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.