-$0.06 Earnings Per Share Expected for Turtle Beach Corporation (HEAR) This Quarter

Equities analysts forecast that Turtle Beach Corporation (NASDAQ:HEAR) will post earnings per share of ($0.06) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Turtle Beach Corporation’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Turtle Beach Corporation posted earnings of ($0.10) per share in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The business is expected to issue its next earnings results after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that Turtle Beach Corporation will report full-year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.07) to ($0.06). For the next fiscal year, analysts forecast that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.02) to $0.04. Zacks’ EPS averages are an average based on a survey of sell-side research firms 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 analysts’ expectations of $17.54 million.

HEAR has been the subject of a number of research reports. ValuEngine cut shares of Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Turtle Beach Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, B. Riley restated a “neutral” rating and set a $1.30 target price on shares of Turtle Beach Corporation in a research note on Sunday, July 23rd.

In other news, insider Frederick J. Romano sold 1,200,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $0.73, for a total transaction of $876,000.00. Following the completion of the sale, the insider now owns 3,433,489 shares in the company, valued at approximately $2,506,446.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Frederick J. Romano sold 56,792 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $0.80, for a total transaction of $45,433.60. Following the sale, the insider now owns 4,702,725 shares of the company’s stock, valued at approximately $3,762,180. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,378,666 shares of company stock valued at $1,018,933. 74.00% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Turtle Beach Corporation stock. Virtu KCG Holdings LLC bought a new position in shares of Turtle Beach Corporation (NASDAQ:HEAR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 152,515 shares of the communications equipment provider’s stock, valued at approximately $107,000. Virtu KCG Holdings LLC owned about 0.31% of Turtle Beach Corporation as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 16.04% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “-$0.06 Earnings Per Share Expected for Turtle Beach Corporation (HEAR) This Quarter” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/11/13/0-06-earnings-per-share-expected-for-turtle-beach-corporation-hear-this-quarter.html.

Turtle Beach Corporation (NASDAQ:HEAR) traded down 1.4094% on Friday, reaching $0.7065. The company’s stock had a trading volume of 88,223 shares. Turtle Beach Corporation has a 1-year low of $0.56 and a 1-year high of $2.00. The stock has a 50 day moving average price of $0.78 and a 200-day moving average price of $0.77. The company’s market capitalization is $34.89 million.

About Turtle Beach Corporation

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.

Get a free copy of the Zacks research report on Turtle Beach Corporation (HEAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Turtle Beach Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turtle Beach Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply