VOXX International Corporation (VOXX) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

VOXX International Corporation (NASDAQ:VOXX) posted its quarterly earnings data on Monday, May 15th. The auto parts company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.06, Bloomberg Earnings reports. VOXX International Corporation had a net margin of 0.65% and a return on equity of 1.84%. The company had revenue of $167.39 million for the quarter, compared to the consensus estimate of $174 million. During the same period last year, the business earned ($0.22) EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis.

Shares of VOXX International Corporation (VOXX) opened at 7.00 on Friday. VOXX International Corporation has a 12-month low of $2.47 and a 12-month high of $7.40. The company has a market cap of $169.12 million, a price-to-earnings ratio of 38.89 and a beta of 0.96. The firm has a 50 day moving average price of $6.45 and a 200-day moving average price of $5.20.

Earnings History for VOXX International Corporation (NASDAQ:VOXX)

A number of research analysts recently weighed in on VOXX shares. Zacks Investment Research raised VOXX International Corporation from a “sell” rating to a “hold” rating in a research report on Friday, March 17th. Cowen and Company reaffirmed a “market perform” rating and set a $6.00 price objective (up previously from $4.00) on shares of VOXX International Corporation in a research report on Wednesday, May 17th. Finally, TheStreet raised VOXX International Corporation from a “d” rating to a “c-” rating in a research report on Wednesday, May 17th.

Several hedge funds have recently modified their holdings of VOXX. UBS Group AG raised its stake in shares of VOXX International Corporation by 45.9% in the first quarter. UBS Group AG now owns 24,853 shares of the auto parts company’s stock valued at $129,000 after buying an additional 7,814 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of VOXX International Corporation by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 27,847 shares of the auto parts company’s stock valued at $144,000 after buying an additional 640 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of VOXX International Corporation by 0.3% in the first quarter. Geode Capital Management LLC now owns 114,327 shares of the auto parts company’s stock valued at $594,000 after buying an additional 372 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of VOXX International Corporation by 10.4% in the first quarter. California Public Employees Retirement System now owns 226,700 shares of the auto parts company’s stock valued at $1,179,000 after buying an additional 21,300 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of VOXX International Corporation by 1.3% in the first quarter. Vanguard Group Inc. now owns 975,779 shares of the auto parts company’s stock valued at $5,074,000 after buying an additional 12,282 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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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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