Turtle Beach (NASDAQ:TBCH) Receives “Neutral” Rating from Wedbush

Wedbush restated their neutral rating on shares of Turtle Beach (NASDAQ:TBCH) in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have a $9.00 price objective on the stock, down from their previous price objective of $21.00.

Separately, Craig Hallum initiated coverage on shares of Turtle Beach in a research note on Monday, March 31st. They issued a “buy” rating and a $23.00 price objective for the company.

Turtle Beach Stock Down 13.3 %

Shares of Turtle Beach stock opened at $9.33 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.60 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $187.69 million, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 0.77 and a beta of 2.04. Turtle Beach has a twelve month low of $8.78 and a twelve month high of $19.50. The firm’s 50-day moving average price is $12.77.

Turtle Beach (NASDAQ:TBCH) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). The firm had revenue of $146.08 million during the quarter, compared to the consensus estimate of $154.10 million. Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. On average, equities analysts expect that Turtle Beach will post 1.17 EPS for the current fiscal year.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.