Press coverage about Universal Electronics (NASDAQ:UEIC) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Electronics earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 48.6124254006341 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Carillon Tower Advisers Inc. Takes Position in Universal Electronics Inc (UEIC) (americanbankingnews.com)
- Universal Electronics reports 4Q loss (finance.yahoo.com)
- FY2017 Earnings Forecast for Universal Electronics Inc Issued By B. Riley (UEIC) (americanbankingnews.com)
- Universal Electronics (UEIC) Issues Quarterly Earnings Results (americanbankingnews.com)
- Universal Electronics (UEIC) Releases Q1 Earnings Guidance (americanbankingnews.com)
A number of research firms have weighed in on UEIC. B. Riley reaffirmed a “buy” rating and set a $73.00 target price on shares of Universal Electronics in a report on Tuesday, February 20th. Zacks Investment Research raised Universal Electronics from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. BidaskClub lowered Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Finally, Piper Jaffray Companies reduced their target price on Universal Electronics to $70.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $71.75.
Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, February 22nd. The technology company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $181.15 million during the quarter, compared to analyst estimates of $175.42 million. Universal Electronics had a positive return on equity of 11.36% and a negative net margin of 1.48%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. equities research analysts expect that Universal Electronics will post 3.75 earnings per share for the current fiscal year.
In other news, insider David Cheung Hyen Chong sold 11,550 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.31, for a total transaction of $581,080.50. Following the completion of the transaction, the insider now owns 31,657 shares of the company’s stock, valued at $1,592,663.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Louis Sylvester Hughes sold 925 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $53.58, for a total value of $49,561.50. Following the transaction, the chief operating officer now directly owns 1,502 shares of the company’s stock, valued at approximately $80,477.16. The disclosure for this sale can be found here. 5.94% of the stock is owned by insiders.
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Universal Electronics Company Profile
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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