Universal Electronics (UEIC) Issues Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Universal Electronics (NASDAQ:UEIC) posted its earnings results on Thursday. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33, MarketWatch Earnings reports. Universal Electronics had a net margin of 1.02% and a return on equity of 15.77%. The business had revenue of $182.72 million for the quarter, compared to the consensus estimate of $184.11 million. Universal Electronics updated its Q4 2018 guidance to $0.70-0.80 EPS.

Shares of NASDAQ UEIC traded up $4.68 during midday trading on Friday, reaching $36.35. The stock had a trading volume of 8,687 shares, compared to its average volume of 83,373. The company has a market capitalization of $451.99 million, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 10.89 and a beta of 1.32. Universal Electronics has a twelve month low of $26.97 and a twelve month high of $56.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 1.33.

Several research firms recently commented on UEIC. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Friday. BidaskClub downgraded shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of Universal Electronics from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. Finally, ValuEngine upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Universal Electronics presently has a consensus rating of “Hold” and an average target price of $43.00.

In other 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 shares were sold at an average price of $40.07, for a total value of $161,562.24. Following the transaction, the insider now owns 4,032 shares in the company, valued at approximately $161,562.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.97% of the stock is currently owned by insiders.

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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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Earnings History for Universal Electronics (NASDAQ:UEIC)

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