VOXX International Corporation (NASDAQ:VOXX) posted its quarterly earnings results on Monday. The company reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The business earned $198.90 million during the quarter, compared to the consensus estimate of $204 million. VOXX International Corporation had a return on equity of 1.08% and a net margin of 0.17%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share.
Shares of VOXX International Corporation (NASDAQ:VOXX) traded up 6.00% during trading on Monday, reaching $5.30. 363,813 shares of the company’s stock were exchanged. VOXX International Corporation has a 52-week low of $2.47 and a 52-week high of $5.90. The company has a 50 day moving average price of $4.94 and a 200-day moving average price of $3.62. The company has a market capitalization of $128.05 million, a PE ratio of 112.77 and a beta of 1.44.
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Separately, Zacks Investment Research downgraded VOXX International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 20th.
In related news, Director Paul C. Kreuch, Jr. acquired 10,934 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were bought at an average price of $4.99 per share, for a total transaction of $54,560.66. Following the acquisition, the director now owns 10,934 shares in the company, valued at approximately $54,560.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.51% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in VOXX International Corporation by 19.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,701 shares of the company’s stock worth $143,000 after buying an additional 7,800 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in VOXX International Corporation by 41.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 105,992 shares of the company’s stock worth $317,000 after buying an additional 31,107 shares during the last quarter. Two Sigma Advisers LP boosted its stake in VOXX International Corporation by 1.9% in the third quarter. Two Sigma Advisers LP now owns 59,317 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares during the last quarter. Principal Financial Group Inc. boosted its stake in VOXX International Corporation by 1.7% in the third quarter. Principal Financial Group Inc. now owns 142,588 shares of the company’s stock worth $426,000 after buying an additional 2,358 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in VOXX International Corporation by 2.7% in the third quarter. Northern Trust Corp now owns 83,768 shares of the company’s stock worth $250,000 after buying an additional 2,175 shares during the last quarter. 55.56% of the stock is currently owned by institutional investors and hedge funds.
VOXX International Corporation Company Profile
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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