Universal Electronics (UEIC) Issues Quarterly Earnings Results, Misses Expectations By $0.73 EPS

Universal Electronics (NASDAQ:UEIC) announced its quarterly earnings data on Thursday. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.73), reports. Universal Electronics had a positive return on equity of 11.65% and a negative net margin of 1.48%.

UEIC traded down $1.95 during trading hours on Thursday, hitting $45.45. The stock had a trading volume of 74,635 shares, compared to its average volume of 83,030. Universal Electronics has a 1 year low of $41.95 and a 1 year high of $72.50. The firm has a market cap of $670.97, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.74 and a current ratio of 1.22.

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In other Universal Electronics news, Director Gregory Stapleton sold 10,000 shares of Universal Electronics stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $50.04, for a total transaction of $500,400.00. Following the completion of the transaction, the director now owns 37,601 shares of the company’s stock, valued at approximately $1,881,554.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. Firehammer, Jr. sold 2,817 shares of Universal Electronics stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $52.35, for a total value of $147,469.95. The disclosure for this sale can be found here. In the last three months, insiders sold 16,317 shares of company stock valued at $829,170. 5.97% of the stock is currently owned by insiders.

Several brokerages recently weighed in on UEIC. Zacks Investment Research raised Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Thursday, April 19th. BidaskClub raised Universal Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 20th. Finally, B. Riley reissued a “buy” rating and issued a $73.00 price objective on shares of Universal Electronics in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Universal Electronics has a consensus rating of “Hold” and a consensus price target of $71.75.

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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