Universal Electronics (UEIC) to Release Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is set to announce its earnings results after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Universal Electronics had a return on equity of 15.77% and a net margin of 1.02%. The firm had revenue of $162.52 million during the quarter, compared to analyst estimates of $161.15 million. On average, analysts expect Universal Electronics to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Universal Electronics stock opened at $31.27 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. Universal Electronics has a twelve month low of $26.97 and a twelve month high of $62.95. The stock has a market capitalization of $435.26 million, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 10.27 and a beta of 1.16.

UEIC has been the subject of several research reports. BidaskClub upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Zacks Investment Research upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, July 7th. ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. B. Riley set a $42.00 price objective on Universal Electronics and gave the stock a “hold” rating in a research note on Friday, August 3rd. Finally, TheStreet upgraded Universal Electronics from a “d+” rating to a “c” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.00.

In other Universal Electronics news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $40.07, for a total transaction of $161,562.24. Following the completion of the sale, the insider now directly owns 4,032 shares in the company, valued at approximately $161,562.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.97% of the stock is currently owned by insiders.

Universal Electronics Company Profile

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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Earnings History for Universal Electronics (NASDAQ:UEIC)

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