Universal Electronics (NASDAQ:UEIC) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $0.70-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.82. The company issued revenue guidance of $180-188 million, compared to the consensus revenue estimate of $189.57 million.
Shares of UEIC stock traded up $5.13 on Friday, hitting $36.80. 322,876 shares of the stock were exchanged, compared to its average volume of 109,903. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 1.33. The company has a market capitalization of $451.99 million, a price-to-earnings ratio of 13.10, a PEG ratio of 10.89 and a beta of 1.32. Universal Electronics has a one year low of $26.97 and a one year high of $56.35.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.33. Universal Electronics had a return on equity of 15.77% and a net margin of 1.02%. The company had revenue of $182.72 million during the quarter, compared to the consensus estimate of $184.11 million. Equities analysts predict that Universal Electronics will post 0.2 EPS for the current year.
In other Universal Electronics news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $40.07, for a total value of $161,562.24. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at approximately $161,562.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.97% of the company’s stock.
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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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