Universal Electronics Inc. (UEIC) Set to Announce Quarterly Earnings on Thursday

Universal Electronics Inc. (NASDAQ:UEIC) will be releasing its Q416 earnings data on Thursday, February 16th. Analysts expect Universal Electronics to post earnings of $0.70 per share and revenue of $164.41 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Earnings History for Universal Electronics (NASDAQ:UEIC)

Shares of Universal Electronics Inc. (NASDAQ:UEIC) opened at 63.10 on Wednesday. The company has a market capitalization of $919.49 million, a price-to-earnings ratio of 35.02 and a beta of 1.78. The firm’s 50-day moving average price is $64.21 and its 200-day moving average price is $69.62. Universal Electronics Inc. has a 12 month low of $49.26 and a 12 month high of $80.42.

UEIC has been the subject of several recent research reports. Zacks Investment Research cut Universal Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th. B. Riley reaffirmed a “buy” rating and issued a $73.50 price target on shares of Universal Electronics in a report on Saturday, November 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Universal Electronics presently has a consensus rating of “Buy” and an average target price of $74.92.

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In related news, EVP Paul J. Bennett sold 44,512 shares of the stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $65.19, for a total value of $2,901,737.28. Following the completion of the transaction, the executive vice president now directly owns 46,283 shares in the company, valued at $3,017,188.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul J. Bennett sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $67.67, for a total value of $676,700.00. Following the completion of the transaction, the executive vice president now owns 19,583 shares of the company’s stock, valued at $1,325,181.61. The disclosure for this sale can be found here. Insiders sold 55,265 shares of company stock valued at $3,631,373 over the last quarter. 5.82% of the stock is currently owned by company insiders.

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.

5 Day Chart for NASDAQ:UEIC

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