Universal Electronics Inc (NASDAQ:UEIC) – Dougherty & Co issued their FY2019 earnings per share estimates for shares of Universal Electronics in a research report issued to clients and investors on Sunday, Zacks Investment Research reports. Dougherty & Co analyst S. Frankel forecasts that the technology company will post earnings per share of $4.60 for the year.
Other equities analysts have also issued reports about the company. B. Riley reaffirmed a “buy” rating and set a $73.00 price target on shares of Universal Electronics in a research note on Tuesday, February 20th. Zacks Investment Research raised Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, BidaskClub raised Universal Electronics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, two 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 price target of $71.75.
Shares of Universal Electronics (NASDAQ UEIC) traded down $1.55 during midday trading on Tuesday, reaching $53.85. The company’s stock had a trading volume of 32,746 shares, compared to its average volume of 87,719. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 0.05. The company has a market cap of $786.10, a price-to-earnings ratio of -74.46, a P/E/G ratio of 2.00 and a beta of 1.37. Universal Electronics has a 52-week low of $41.95 and a 52-week high of $72.50.
Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm 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 11.65% and a negative net margin of 1.48%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS.
In related news, Director J C. Sparkman acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $47.50 per share, for a total transaction of $95,000.00. Following the transaction, the director now owns 41,871 shares of the company’s stock, valued at $1,988,872.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 5.94% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Universal Electronics by 40.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,760 shares of the technology company’s stock valued at $175,000 after acquiring an additional 798 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Universal Electronics by 83.7% during the 4th quarter. First Mercantile Trust Co. now owns 3,651 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,664 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Universal Electronics during the 3rd quarter valued at $291,000. Teacher Retirement System of Texas acquired a new stake in shares of Universal Electronics during the 4th quarter valued at $235,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Universal Electronics by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,430 shares of the technology company’s stock valued at $344,000 after acquiring an additional 2,010 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
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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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