VOXX International Corp (VOXX) Expected to Announce Earnings of $0.48 Per Share

Equities analysts predict that VOXX International Corp (NASDAQ:VOXX) will announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for VOXX International’s earnings. VOXX International reported earnings of $0.37 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 29.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, January 8th.

According to Zacks, analysts expect that VOXX International will report full year earnings of $0.25 per share for the current year. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover VOXX International.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results on Thursday, October 11th. The auto parts company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.83). The firm had revenue of $108.87 million for the quarter. VOXX International had a positive return on equity of 2.48% and a negative net margin of 0.11%. During the same quarter in the previous year, the company earned ($0.03) EPS.

Several analysts have recently commented on VOXX shares. Zacks Investment Research raised VOXX International from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine raised VOXX International from a “sell” rating to a “hold” rating in a research report on Monday, July 16th.

Shares of VOXX stock opened at $5.06 on Friday. VOXX International has a twelve month low of $4.64 and a twelve month high of $7.00. The company has a market capitalization of $124.62 million, a price-to-earnings ratio of 11.44 and a beta of 0.26. The company has a current ratio of 2.95, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.

Institutional investors and hedge funds have recently modified their holdings of the business. Laurion Capital Management LP acquired a new position in shares of VOXX International in the second quarter worth about $139,000. Eqis Capital Management Inc. bought a new position in VOXX International in the 2nd quarter worth approximately $208,000. Raffles Associates LP bought a new position in VOXX International in the 2nd quarter worth approximately $270,000. JPMorgan Chase & Co. grew its holdings in VOXX International by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,950 shares of the auto parts company’s stock worth $359,000 after buying an additional 30,629 shares in the last quarter. Finally, LMR Partners LLP bought a new position in VOXX International in the 2nd quarter worth approximately $372,000. Institutional investors own 56.90% of the company’s stock.

About VOXX International

VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.

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