Universal Electronics (UEIC) Receiving Somewhat Favorable Press Coverage, Analysis Shows

Headlines about Universal Electronics (NASDAQ:UEIC) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Electronics earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.8289034108435 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of brokerages have commented on UEIC. Zacks Investment Research upgraded Universal Electronics from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, October 3rd. B. Riley set a $77.00 price target on Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reduced their price target on Universal Electronics to $70.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, BidaskClub cut Universal Electronics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Universal Electronics presently has an average rating of “Hold” and a consensus price target of $72.75.

Shares of Universal Electronics (UEIC) opened at $47.25 on Tuesday. Universal Electronics has a 12-month low of $46.05 and a 12-month high of $74.85. The firm has a market capitalization of $675.95, a PE ratio of 70.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.34 and a quick ratio of 0.80.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $182.53 million. During the same period in the prior year, the firm earned $0.93 EPS. Universal Electronics’s quarterly revenue was up 3.0% on a year-over-year basis. sell-side analysts expect that Universal Electronics will post 2.28 EPS for the current fiscal year.

In related news, insider David Cheung Hyen Chong sold 11,550 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 31,657 shares of the company’s stock, valued at approximately $1,592,663.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J C. Sparkman acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $47.50 per share, with a total value of $95,000.00. Following the transaction, the director now directly owns 41,871 shares in the company, valued at approximately $1,988,872.50. The disclosure for this purchase can be found here. 5.94% of the stock is owned by insiders.

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About Universal Electronics

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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