Q3 Earnings Forecast for Turtle Beach Issued By Roth Capital

Turtle Beach Corporation (NASDAQ:TBCH) – Roth Capital dropped their Q3 2027 earnings estimates for Turtle Beach in a report released on Monday, November 24th. Roth Capital analyst S. Mcgowan now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.38. Roth Capital currently has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Turtle Beach’s current full-year earnings is $1.17 per share.

A number of other equities analysts have also recently weighed in on the company. B. Riley assumed coverage on Turtle Beach in a report on Thursday, October 2nd. They issued a “buy” rating and a $21.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a research report on Wednesday, November 19th. Oppenheimer reiterated an “outperform” rating and set a $19.00 target price on shares of Turtle Beach in a research report on Friday, August 8th. Finally, Wedbush lifted their price target on shares of Turtle Beach from $13.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Turtle Beach Trading Up 2.5%

TBCH stock opened at $13.72 on Tuesday. Turtle Beach has a 52-week low of $8.78 and a 52-week high of $19.50. The company has a quick ratio of 0.75, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. The firm has a market cap of $264.93 million, a P/E ratio of 15.95, a PEG ratio of 0.76 and a beta of 2.01. The company’s 50-day simple moving average is $15.32 and its 200-day simple moving average is $14.39.

Turtle Beach (NASDAQ:TBCH) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The company had revenue of $80.46 million for the quarter. Turtle Beach had a net margin of 5.26% and a return on equity of 16.44%. Turtle Beach has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Garnet Equity Capital Holdings Inc. acquired a new position in Turtle Beach in the second quarter valued at about $22,608,000. AlphaQuest LLC purchased a new stake in shares of Turtle Beach in the 2nd quarter valued at approximately $52,000. Los Angeles Capital Management LLC acquired a new position in shares of Turtle Beach in the 2nd quarter worth approximately $453,000. North Star Investment Management Corp. purchased a new position in shares of Turtle Beach during the 2nd quarter worth approximately $3,153,000. Finally, Signaturefd LLC purchased a new position in shares of Turtle Beach during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.

Turtle Beach Company Profile

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.