Universal Electronics (UEIC) Expected to Announce Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $102.47 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Universal Electronics Stock Up 1.5 %

UEIC stock opened at $9.94 on Wednesday. The firm has a market cap of $129.50 million, a price-to-earnings ratio of -4.85, a PEG ratio of 3.96 and a beta of 1.19. Universal Electronics has a 12-month low of $7.53 and a 12-month high of $14.20. The company’s fifty day simple moving average is $10.44 and its 200 day simple moving average is $9.79.

Insider Buying and Selling

In related news, CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total value of $154,660.05. Following the completion of the transaction, the chief executive officer now directly owns 283,615 shares of the company’s stock, valued at approximately $3,326,803.95. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $14.00 in a report on Monday, November 11th. Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

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.