News headlines about Universal Electronics (NASDAQ:UEIC) have trended positive on Friday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Electronics earned a news impact score of 0.50 on Alpha One’s scale. Alpha One also assigned news stories about the technology company an impact score of 66 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next several days.
Shares of Universal Electronics (NASDAQ:UEIC) opened at 62.85 on Friday. The firm has a 50-day moving average of $66.52 and a 200 day moving average of $66.35. The stock has a market capitalization of $907.05 million, a PE ratio of 52.37 and a beta of 1.78. Universal Electronics has a 52-week low of $52.90 and a 52-week high of $80.42.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. The business had revenue of $162.30 million during the quarter, compared to analysts’ expectations of $158.77 million. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that Universal Electronics will post $3.35 EPS for the current fiscal year.
Several equities analysts recently commented on UEIC shares. TheStreet downgraded shares of Universal Electronics from a “b” rating to a “c+” rating in a report on Friday, February 17th. Zacks Investment Research upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, February 21st. B. Riley reiterated a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a report on Friday, May 5th. Lake Street Capital downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a report on Friday, May 5th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $77.00 price target on shares of Universal Electronics in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $76.45.
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In related news, Director Edward K. Zinser sold 10,000 shares of Universal Electronics stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $72.00, for a total value of $720,000.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $1,440,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.82% of the stock is owned by company insiders.
About Universal Electronics
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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