Zagg Inc (ZAGG) to Post FY2017 Earnings of $0.93 Per Share, B. Riley Forecasts

Zagg Inc (NASDAQ:ZAGG) – B. Riley cut their FY2017 EPS estimates for shares of Zagg in a research report issued on Wednesday. B. Riley analyst J. Van. Sinderen now forecasts that the specialty retailer will post earnings of $0.93 per share for the year, down from their previous estimate of $1.04. B. Riley currently has a “Buy” rating and a $20.00 target price on the stock. B. Riley also issued estimates for Zagg’s Q4 2017 earnings at $0.68 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.47 EPS.

Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Zagg from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Zagg from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Saturday, January 6th. Craig Hallum set a $24.00 price objective on shares of Zagg and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine raised shares of Zagg from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Northland Securities reaffirmed a “buy” rating and set a $23.00 price objective on shares of Zagg in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.17.

Zagg (NASDAQ:ZAGG) opened at $17.30 on Thursday. The stock has a market cap of $483.97, a PE ratio of 173.00, a price-to-earnings-growth ratio of 2.61 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 0.07. Zagg has a 1-year low of $5.90 and a 1-year high of $23.70.

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

In other news, insider Brian Stech sold 20,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $18.08, for a total transaction of $361,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Randall L. Hales sold 19,829 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $19.85, for a total transaction of $393,605.65. Following the transaction, the chief executive officer now directly owns 713,380 shares of the company’s stock, valued at approximately $14,160,593. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,830 shares of company stock valued at $1,903,425. Corporate insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in Zagg during the 4th quarter worth approximately $396,000. Acadian Asset Management LLC increased its position in Zagg by 472.9% during the 4th quarter. Acadian Asset Management LLC now owns 219,968 shares of the specialty retailer’s stock worth $4,059,000 after purchasing an additional 181,571 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Zagg by 33.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 56,421 shares of the specialty retailer’s stock worth $1,041,000 after purchasing an additional 14,300 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Zagg during the 3rd quarter worth approximately $741,000. Finally, Algert Global LLC acquired a new stake in Zagg during the 3rd quarter worth approximately $1,711,000. 82.75% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3146845/zagg-inc-zagg-to-post-fy2017-earnings-of-0-93-per-share-b-riley-forecasts.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.

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+.