Wall Street brokerages forecast that VOXX International Corporation (NASDAQ:VOXX) will report $0.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for VOXX International Corporation’s earnings. VOXX International Corporation posted earnings per share of $0.24 in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.7%. The firm is expected to issue its next earnings report on Monday, January 8th.
On average, analysts expect that VOXX International Corporation will report full-year earnings of ($0.58) per share for the current year. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for VOXX International Corporation.
VOXX International Corporation (NASDAQ:VOXX) last posted its earnings results on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.73). VOXX International Corporation had a net margin of 3.10% and a negative return on equity of 3.77%. The business had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $163.00 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. TheStreet cut shares of VOXX International Corporation from a “c-” rating to a “d+” rating in a report on Tuesday, October 24th. Cowen and Company reaffirmed a “hold” rating and issued a $7.00 target price on shares of VOXX International Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research cut shares of VOXX International Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th.
VOXX International Corporation (NASDAQ:VOXX) opened at $6.55 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.46 and a debt-to-equity ratio of 0.02.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kahn Brothers Group Inc. DE grew its stake in VOXX International Corporation by 58.2% in the 3rd quarter. Kahn Brothers Group Inc. DE now owns 3,651,902 shares of the auto parts company’s stock valued at $31,224,000 after buying an additional 1,343,600 shares during the last quarter. Strs Ohio grew its stake in VOXX International Corporation by 62.0% in the 3rd quarter. Strs Ohio now owns 38,400 shares of the auto parts company’s stock valued at $328,000 after buying an additional 14,700 shares during the last quarter. California State Teachers Retirement System acquired a new position in VOXX International Corporation in the 2nd quarter valued at about $291,000. The Manufacturers Life Insurance Company acquired a new position in VOXX International Corporation in the 2nd quarter valued at about $129,000. Finally, State Street Corp grew its stake in VOXX International Corporation by 1,731.7% in the 2nd quarter. State Street Corp now owns 230,760 shares of the auto parts company’s stock valued at $1,893,000 after buying an additional 218,162 shares during the last quarter. Institutional investors and hedge funds own 59.29% of the company’s stock.
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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