Universal Electronics (UEIC) to Release Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Universal Electronics to post earnings of ($0.24) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.28). Universal Electronics had a negative return on equity of 25.49% and a negative net margin of 23.36%. The firm had revenue of $97.59 million during the quarter, compared to the consensus estimate of $97.52 million. On average, analysts expect Universal Electronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Universal Electronics Stock Up 0.6 %

Shares of NASDAQ:UEIC opened at $9.80 on Thursday. Universal Electronics has a 52-week low of $7.02 and a 52-week high of $11.84. The stock has a market cap of $127.11 million, a P/E ratio of -1.28 and a beta of 1.14. The business’s 50 day moving average is $9.44 and its 200 day moving average is $8.76.

Analyst Upgrades and Downgrades

UEIC has been the topic of several recent research reports. B. Riley increased their target price on Universal Electronics from $9.00 to $10.50 and gave the company a “neutral” rating in a research report on Friday, February 16th. StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research report on Friday, March 15th.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.