Headlines about Universal Electronics (NASDAQ:UEIC) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Electronics earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 41 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Universal Electronics (NASDAQ:UEIC) traded down 1.18% during mid-day trading on Friday, hitting $66.85. The company’s stock had a trading volume of 33,827 shares. Universal Electronics has a 1-year low of $52.90 and a 1-year high of $80.42. The company has a 50-day moving average price of $65.32 and a 200-day moving average price of $66.19. The stock has a market cap of $964.78 million, a PE ratio of 55.71 and a beta of 1.65.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.30 million during the quarter, compared to analysts’ expectations of $158.77 million. Universal Electronics had a return on equity of 14.40% and a net margin of 2.68%. Universal Electronics’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Analysts predict that Universal Electronics will post $3.35 EPS for the current fiscal year.
A number of research analysts have commented on UEIC shares. Lake Street Capital downgraded Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a research note on Friday, May 5th. Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 target price on shares of Universal Electronics in a research note on Friday, May 5th. B. Riley restated a “buy” rating and issued a $77.25 target price on shares of Universal Electronics in a research note on Wednesday, March 22nd. Finally, BidaskClub upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Universal Electronics has a consensus rating of “Buy” and a consensus price target of $74.06.
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In other news, Director Edward K. Zinser sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was 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 approximately $1,440,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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