Press coverage about Universal Electronics (NASDAQ:UEIC) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Electronics earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 47.0242848302127 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Edited Transcript of UEIC earnings conference call or presentation 2-Nov-17 8:30pm GMT (finance.yahoo.com)
- Universal Electronics Inc. (UEIC) Price Target Cut to $70.00 by Analysts at Piper Jaffray Companies (americanbankingnews.com)
- Universal Electronics Inc. (UEIC) Releases Earnings Results, Misses Expectations By $0.04 EPS (americanbankingnews.com)
- Universal Electronics Inc. (UEIC) Releases Q4 Earnings Guidance (americanbankingnews.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Universal Electronics Inc. (finance.yahoo.com)
Shares of Universal Electronics (NASDAQ UEIC) traded down $9.55 during mid-day trading on Friday, reaching $51.20. 361,143 shares of the company traded hands, compared to its average volume of 57,982. Universal Electronics has a 12-month low of $51.10 and a 12-month high of $74.85. The company has a market cap of $737.33, a P/E ratio of 23.70, a P/E/G ratio of 1.03 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.33 and a debt-to-equity ratio of 0.04.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Universal Electronics had a net margin of 1.45% and a return on equity of 11.33%. The firm had revenue of $175.51 million for the quarter, compared to the consensus estimate of $182.53 million. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. equities research analysts predict that Universal Electronics will post 2.85 earnings per share for the current year.
UEIC has been the subject of a number of analyst reports. BidaskClub downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. B. Riley reissued a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a report on Monday, July 31st. Finally, Piper Jaffray Companies cut their price target on shares of Universal Electronics to $70.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Universal Electronics currently has a consensus rating of “Hold” and a consensus target price of $72.75.
In other Universal Electronics news, Director Gregory Stapleton sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the completion of the sale, the director now owns 35,726 shares in the company, valued at approximately $2,154,635.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Mulligan acquired 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $55.91 per share, with a total value of $279,550.00. Following the transaction, the director now directly owns 17,966 shares in the company, valued at approximately $1,004,479.06. The disclosure for this purchase can be found here. Company insiders own 5.82% of the company’s stock.
Universal Electronics Company Profile
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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