Universal Electronics (UEIC) Earns Daily Media Sentiment Rating of 0.09

Media headlines about Universal Electronics (NASDAQ:UEIC) have trended somewhat positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Universal Electronics earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 44.9416927645145 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Universal Electronics (NASDAQ UEIC) opened at $47.70 on Thursday. Universal Electronics has a 52 week low of $46.55 and a 52 week high of $74.85. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $687.39, a P/E ratio of 72.27, a PEG ratio of 1.41 and a beta of 1.52.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). Universal Electronics had a return on equity of 11.27% and a net margin of 1.45%. The company had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. During the same quarter last year, the company earned $0.93 EPS. Universal Electronics’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts forecast that Universal Electronics will post 2.28 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on UEIC shares. Zacks Investment Research raised Universal Electronics from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a report on Tuesday, October 3rd. B. Riley set a $77.00 price objective on Universal Electronics and gave the company a “buy” rating in a report on Tuesday, October 31st. Piper Jaffray Companies decreased their price objective on Universal Electronics to $70.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. Finally, BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.75.

In other news, insider David Cheung Hyen Chong sold 11,550 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.31, for a total transaction of $581,080.50. Following the completion of the sale, the insider now owns 31,657 shares in the company, valued at $1,592,663.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Louis Sylvester Hughes sold 925 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $53.58, for a total value of $49,561.50. Following the sale, the chief operating officer now owns 1,502 shares of the company’s stock, valued at approximately $80,477.16. The disclosure for this sale can be found here. 5.94% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Universal Electronics (NASDAQ:UEIC)

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