Media stories about Universal Electronics (NASDAQ:UEIC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Electronics earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.687628546747 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Universal Electronics Inc. (NASDAQ:UEIC) Sees Heavy Trading Volume with 118K Shares Changing Hands (highlightpress.com)
- Universal Electronics Inc. (UEIC) Expected to Announce Earnings of $0.91 Per Share (americanbankingnews.com)
- Reviewing Control4 Corporation (CTRL) & Universal Electronics (UEIC) (americanbankingnews.com)
- Universal Electronics to Participate in Three September Conferences (finance.yahoo.com)
- Universal Electronics Inc. (UEIC) Director William C. Mulligan Acquires 5,000 Shares (americanbankingnews.com)
Shares of Universal Electronics (UEIC) opened at 56.70 on Thursday. The firm has a market capitalization of $816.54 million, a PE ratio of 52.45 and a beta of 1.65. The firm has a 50-day moving average of $63.84 and a 200-day moving average of $65.96. Universal Electronics has a 12-month low of $52.90 and a 12-month high of $77.97.
Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.78 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.78. The business had revenue of $177.58 million during the quarter, compared to the consensus estimate of $176.12 million. Universal Electronics had a net margin of 2.37% and a return on equity of 11.97%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Universal Electronics will post $3.14 earnings per share for the current year.
A number of research firms have commented on UEIC. B. Riley restated a “buy” rating and issued a $77.25 price target on shares of Universal Electronics in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 price target on shares of Universal Electronics in a report on Friday, May 5th. BidaskClub cut shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, ValuEngine upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $74.06.
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In other news, Director William C. Mulligan bought 5,000 shares of Universal Electronics stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $55.91 per share, for a total transaction of $279,550.00. Following the completion of the acquisition, the director now owns 17,966 shares of the company’s stock, valued at approximately $1,004,479.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.82% of the company’s stock.
Universal Electronics Company Profile
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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