$0.76 EPS Expected for Zagg Inc (ZAGG) This Quarter

Equities research analysts expect Zagg Inc (NASDAQ:ZAGG) to report earnings per share (EPS) of $0.76 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Zagg’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.70. Zagg reported earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year over year growth rate of 1,050%. The company is scheduled to report its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Zagg will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.04. For the next year, analysts anticipate that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Zagg.

Zagg (NASDAQ:ZAGG) last posted its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Zagg had a net margin of 0.63% and a return on equity of 6.59%. The business had revenue of $134.40 million during the quarter, compared to analyst estimates of $128.23 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis.

ZAGG has been the subject of a number of analyst reports. Craig Hallum set a $24.00 target price on shares of Zagg and gave the stock a “buy” rating in a report on Wednesday. TheStreet upgraded shares of Zagg from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. B. Riley upgraded shares of Zagg from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Thursday, November 2nd. Roth Capital set a $17.00 target price on shares of Zagg and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Zagg from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.00.

In related news, insider Brian Stech sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $18.08, for a total value of $361,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bradley J. Holiday sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $19.02, for a total transaction of $190,200.00. Following the completion of the sale, the chief financial officer now owns 89,587 shares in the company, valued at approximately $1,703,944.74. The disclosure for this sale can be found here. Insiders sold 99,830 shares of company stock worth $1,903,425 in the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors Inc. lifted its stake in shares of Zagg by 7.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock valued at $11,855,000 after buying an additional 93,551 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Zagg by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,183,161 shares of the specialty retailer’s stock valued at $10,235,000 after buying an additional 76,913 shares in the last quarter. Penn Capital Management Co. Inc. lifted its stake in shares of Zagg by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 624,911 shares of the specialty retailer’s stock valued at $5,405,000 after buying an additional 7,041 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Zagg by 43.4% during the 2nd quarter. Royce & Associates LP now owns 576,154 shares of the specialty retailer’s stock valued at $4,984,000 after buying an additional 174,254 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Zagg by 8.0% during the 2nd quarter. State Street Corp now owns 451,148 shares of the specialty retailer’s stock valued at $3,904,000 after buying an additional 33,602 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.

Shares of Zagg (NASDAQ ZAGG) opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.68 and a current ratio of 1.12. Zagg has a 1 year low of $5.90 and a 1 year high of $23.70. The stock has a market cap of $535.73, a PE ratio of 191.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.93.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3126865/0-76-eps-expected-for-zagg-inc-zagg-this-quarter.html.

Zagg Company Profile

ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.

Get a free copy of the Zacks research report on Zagg (ZAGG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zagg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zagg and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.