Universal Electronics (UEIC) Issues Q4 2018 Earnings Guidance

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.

Several research analysts have commented on UEIC shares. BidaskClub downgraded Universal Electronics from a buy rating to a hold rating in a research note on Wednesday, September 5th. B. Riley set a $42.00 target price on Universal Electronics and gave the stock a hold rating in a research note on Friday, August 3rd. Sidoti downgraded Universal Electronics from a buy rating to a neutral rating and set a $44.00 target price for the company. in a research note on Tuesday, September 4th. ValuEngine upgraded Universal Electronics from a sell rating to a hold rating in a research note on Thursday, August 2nd. Finally, TheStreet upgraded Universal Electronics from a d+ rating to a c rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $43.00.

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.

COPYRIGHT VIOLATION WARNING: “Universal Electronics (UEIC) Issues Q4 2018 Earnings Guidance” was reported by WKRB News and is the property of of WKRB News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/09/universal-electronics-ueic-issues-q4-2018-earnings-guidance.html.

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.

Featured Story: How Important is Technical Analysis of Stocks

Receive News & Ratings for Universal Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply