$39.85 Million in Sales Expected for Turtle Beach Corporation (HEAR) This Quarter

Brokerages expect Turtle Beach Corporation (NASDAQ:HEAR) to post $39.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Turtle Beach Corporation’s earnings, with the highest sales estimate coming in at $40.10 million and the lowest estimate coming in at $39.60 million. Turtle Beach Corporation posted sales of $38.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The company is scheduled to announce its next earnings report on Thursday, November 9th.

According to Zacks, analysts expect that Turtle Beach Corporation will report full year sales of $39.85 million for the current financial year, with estimates ranging from $158.60 million to $162.00 million. For the next financial year, analysts expect that the business will report sales of $175.60 million per share, with estimates ranging from $175.00 million to $176.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Turtle Beach Corporation.

Turtle Beach Corporation (NASDAQ:HEAR) last issued its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $19.11 million during the quarter, compared to the consensus estimate of $17.54 million.

Several analysts recently commented on the stock. B. Riley restated a “neutral” rating and set a $1.30 price target on shares of Turtle Beach Corporation in a research report on Sunday, July 23rd. Zacks Investment Research upgraded shares of Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research report on Tuesday, August 15th. Finally, ValuEngine lowered shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

In other news, insider Frederick J. Romano sold 56,792 shares of Turtle Beach Corporation stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total value of $45,433.60. Following the sale, the insider now owns 4,702,725 shares in the company, valued at $3,762,180. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frederick J. Romano sold 95,555 shares of Turtle Beach Corporation stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $0.80, for a total transaction of $76,444.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,666 shares of company stock worth $142,933. Company insiders own 59.60% of the company’s stock.

An institutional investor recently bought a new position in Turtle Beach Corporation stock. Coldstream Capital Management Inc. purchased a new position in Turtle Beach Corporation (NASDAQ:HEAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,729,044 shares of the communications equipment provider’s stock, valued at approximately $3,310,000. Coldstream Capital Management Inc. owned approximately 9.58% of Turtle Beach Corporation at the end of the most recent quarter. Institutional investors own 16.06% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/39-85-million-in-sales-expected-for-turtle-beach-corporation-hear-this-quarter.html.

Shares of Turtle Beach Corporation (NASDAQ:HEAR) traded down 6.875% on Wednesday, reaching $0.745. 258,211 shares of the company traded hands. The stock’s market capitalization is $36.79 million. The company has a 50-day moving average of $0.78 and a 200-day moving average of $0.77. Turtle Beach Corporation has a 1-year low of $0.56 and a 1-year high of $2.00.

Turtle Beach Corporation Company Profile

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

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According to Zacks, analysts expect that Turtle Beach Corporation will report full year sales of $39.85 million for the current financial year, with estimates ranging from $158.60 million to $162.00 million. For the next financial year, analysts expect that the business will report sales of $175.60 million per share, with estimates ranging from $175.00 million to $176.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Turtle Beach Corporation.

Turtle Beach Corporation (NASDAQ:HEAR) last issued its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $19.11 million during the quarter, compared to the consensus estimate of $17.54 million.

Several analysts recently commented on the stock. B. Riley restated a “neutral” rating and set a $1.30 price target on shares of Turtle Beach Corporation in a research report on Sunday, July 23rd. Zacks Investment Research upgraded shares of Turtle Beach Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research report on Tuesday, August 15th. Finally, ValuEngine lowered shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

In other news, insider Frederick J. Romano sold 56,792 shares of Turtle Beach Corporation stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $0.80, for a total value of $45,433.60. Following the sale, the insider now owns 4,702,725 shares in the company, valued at $3,762,180. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frederick J. Romano sold 95,555 shares of Turtle Beach Corporation stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $0.80, for a total transaction of $76,444.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,666 shares of company stock worth $142,933. Company insiders own 59.60% of the company’s stock.

An institutional investor recently bought a new position in Turtle Beach Corporation stock. Coldstream Capital Management Inc. purchased a new position in Turtle Beach Corporation (NASDAQ:HEAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,729,044 shares of the communications equipment provider’s stock, valued at approximately $3,310,000. Coldstream Capital Management Inc. owned approximately 9.58% of Turtle Beach Corporation at the end of the most recent quarter. Institutional investors own 16.06% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/39-85-million-in-sales-expected-for-turtle-beach-corporation-hear-this-quarter.html.

Shares of Turtle Beach Corporation (NASDAQ:HEAR) traded down 6.875% on Wednesday, reaching $0.745. 258,211 shares of the company traded hands. The stock’s market capitalization is $36.79 million. The company has a 50-day moving average of $0.78 and a 200-day moving average of $0.77. Turtle Beach Corporation has a 1-year low of $0.56 and a 1-year high of $2.00.

Turtle Beach Corporation Company Profile

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

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Earnings History and Estimates for Turtle Beach Corporation (NASDAQ:HEAR)

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