Universal Electronics (UEIC) Releases Earnings Results, Beats Estimates By $0.33 EPS

Universal Electronics (NASDAQ:UEIC) announced its quarterly earnings data on Thursday. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.33, Fidelity Earnings reports. The business had revenue of $182.72 million for the quarter, compared to analyst estimates of $184.11 million. Universal Electronics had a return on equity of 15.77% and a net margin of 1.02%. Universal Electronics updated its Q4 2018 guidance to $0.70-0.80 EPS.

Universal Electronics stock opened at $36.80 on Friday. The stock has a market cap of $453.79 million, a P/E ratio of 11.05, a P/E/G ratio of 10.94 and a beta of 1.32. Universal Electronics has a 52 week low of $26.97 and a 52 week high of $56.35. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 0.04.

UEIC has been the topic of a number of research reports. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Friday. TheStreet raised Universal Electronics from a “d+” rating to a “c” rating in a report on Friday, August 3rd. Zacks Investment Research lowered Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, BidaskClub lowered Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Universal Electronics presently has an average rating of “Hold” and a consensus target price of $43.00.

In related news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $40.07, for a total transaction of $161,562.24. Following the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at $161,562.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.97% of the stock is owned by company insiders.

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About Universal Electronics

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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Earnings History for Universal Electronics (NASDAQ:UEIC)

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