Zagg (NASDAQ:ZAGG) issued its earnings results on Wednesday, March 7th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02), Bloomberg Earnings reports. Zagg had a return on equity of 25.89% and a net margin of 2.91%. The firm had revenue of $176.92 million for the quarter, compared to analyst estimates of $167.15 million. During the same period in the previous year, the company earned ($0.08) earnings per share. Zagg’s revenue for the quarter was up 53.9% compared to the same quarter last year. Zagg updated its FY18 guidance to $1.30-1.50 EPS.
Shares of Zagg (NASDAQ ZAGG) traded down $0.10 on Wednesday, reaching $12.65. The company had a trading volume of 442,359 shares, compared to its average volume of 643,251. Zagg has a twelve month low of $6.30 and a twelve month high of $23.70. The stock has a market cap of $358.08, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68.
ZAGG has been the subject of several recent research reports. B. Riley set a $20.00 price target on Zagg and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research upgraded Zagg from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, February 13th. Craig Hallum set a $24.00 price objective on Zagg and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Zagg from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Northland Securities reiterated a “buy” rating and set a $23.00 price target on shares of Zagg in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $17.17.
Zagg Company Profile
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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