Analysts Anticipate Universal Electronics Inc (UEIC) Will Announce Earnings of $0.38 Per Share

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Equities analysts expect that Universal Electronics Inc (NASDAQ:UEIC) will report $0.38 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Universal Electronics’ earnings, with estimates ranging from $0.37 to $0.40. Universal Electronics reported earnings of $0.78 per share during the same quarter last year, which indicates a negative year over year growth rate of 51.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Universal Electronics will report full year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.11 to $2.69. For the next year, analysts expect that the company will report earnings of $3.37 per share, with EPS estimates ranging from $2.86 to $4.25. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Universal Electronics.

Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, May 3rd. The technology company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Universal Electronics had a positive return on equity of 9.08% and a negative net margin of 1.58%. The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $172.68 million.

UEIC has been the subject of several research analyst reports. BidaskClub raised shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 20th. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a report on Saturday, March 3rd. B. Riley lowered shares of Universal Electronics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $46.00 in a report on Friday, May 4th. Piper Jaffray Companies cut shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a research report on Friday, May 4th. Finally, TheStreet cut shares of Universal Electronics from a “c-” rating to a “d+” rating in a research report on Monday, June 4th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $63.00.

UEIC traded up $0.55 during trading on Friday, reaching $31.15. 610,558 shares of the company’s stock were exchanged, compared to its average volume of 97,960. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 1.24. Universal Electronics has a fifty-two week low of $26.97 and a fifty-two week high of $72.50. The firm has a market capitalization of $432.25 million, a PE ratio of 11.09, a P/E/G ratio of 4.43 and a beta of 1.11.

In other Universal Electronics news, EVP David Cheung Hyen Chong purchased 3,095 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were purchased at an average cost of $28.93 per share, with a total value of $89,538.35. Following the transaction, the executive vice president now directly owns 29,442 shares of the company’s stock, valued at approximately $851,757.06. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory Stapleton sold 10,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $50.04, for a total transaction of $500,400.00. Following the sale, the director now directly owns 37,601 shares in the company, valued at $1,881,554.04. The disclosure for this sale can be found here. Insiders own 5.97% of the company’s stock.

A number of large investors have recently modified their holdings of UEIC. Teacher Retirement System of Texas acquired a new position in shares of Universal Electronics during the 4th quarter worth about $235,000. Wrapmanager Inc. acquired a new position in shares of Universal Electronics during the 1st quarter worth about $255,000. MetLife Investment Advisors LLC acquired a new position in shares of Universal Electronics during the 4th quarter worth about $285,000. FDx Advisors Inc. acquired a new position in shares of Universal Electronics during the 1st quarter worth about $295,000. Finally, Millennium Management LLC acquired a new position in shares of Universal Electronics during the 4th quarter worth about $324,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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