Xperi (NYSE:XPER) Announces Earnings Results, Beats Estimates By $0.07 EPS

Xperi (NYSE:XPER) issued its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07, FiscalAI reports. The business had revenue of $113.95 million for the quarter, compared to the consensus estimate of $111.47 million. Xperi had a negative net margin of 7.12% and a positive return on equity of 4.04%.

Xperi Stock Down 0.6%

XPER traded down $0.03 on Wednesday, reaching $5.36. The company’s stock had a trading volume of 796,377 shares, compared to its average volume of 428,884. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 2.48. The business’s 50 day moving average is $5.49 and its 200 day moving average is $6.43. The stock has a market cap of $261.22 million, a price-to-earnings ratio of -7.65 and a beta of 1.40. Xperi has a 1 year low of $4.91 and a 1 year high of $8.75.

Wall Street Analysts Forecast Growth

XPER has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a report on Wednesday, August 26th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of Xperi in a research note on Thursday, August 6th. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Xperi in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of Xperi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Xperi Company Profile

Xperi Inc (NYSE: XPER) is an entertainment and consumer technology company that develops software, services and technologies for connected televisions, cars and other consumer electronics. Its products are designed to help people discover, access and enjoy digital entertainment across traditional television, streaming and in-vehicle environments.

The company’s portfolio includes the TiVo entertainment platform, which provides television operating systems, content discovery, viewing guides and related services for smart-TV manufacturers, pay-TV providers and consumers.