Universal Electronics Inc. Plans Dividend of $0.24 (NASDAQ:UEIC)

Universal Electronics Inc. (NASDAQ:UEIC) declared a dividend on Thursday, August 6th. Stockholders of record on Monday, August 24th will be given a dividend of 0.24 per share by the technology company on Thursday, October 15th. The ex-dividend date of this dividend is Monday, August 24th.

Universal Electronics Stock Performance

Shares of UEIC stock opened at $4.80 on Friday. Universal Electronics has a 52-week low of $2.69 and a 52-week high of $6.69. The business’s fifty day moving average is $4.40 and its 200 day moving average is $4.20. The company has a market capitalization of $60.62 million, a PE ratio of -3.20 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $73.24 million during the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Analysts Set New Price Targets

UEIC has been the subject of several research reports. Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $5.00 price target on shares of Universal Electronics in a research note on Friday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.