Universal Electronics (NASDAQ:UEIC) released its earnings results on Thursday. The technology company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.33, Fidelity Earnings reports. The firm had revenue of $182.72 million for the quarter, compared to the consensus estimate of $184.11 million. Universal Electronics had a return on equity of 15.77% and a net margin of 1.02%. Universal Electronics updated its Q4 2018 guidance to $0.70-0.80 EPS.
NASDAQ UEIC opened at $36.80 on Friday. The company has a market cap of $453.79 million, a PE ratio of 11.05, a P/E/G ratio of 10.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 1.33. Universal Electronics has a fifty-two week low of $26.97 and a fifty-two week high of $56.35.
In other Universal Electronics news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the company’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $40.07, for a total value of $161,562.24. Following the transaction, the insider now owns 4,032 shares of the company’s stock, valued at approximately $161,562.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.97% of the company’s stock.
UEIC has been the topic of several analyst reports. Sidoti downgraded Universal Electronics from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Tuesday, September 4th. BidaskClub downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. B. Riley set a $42.00 target price on Universal Electronics and gave the company a “hold” rating in a research report on Friday, August 3rd. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, TheStreet raised Universal Electronics from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.00.
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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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