News stories about Universal Electronics (NASDAQ:UEIC) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Electronics earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.691440326776 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages have recently weighed in on UEIC. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Piper Jaffray Companies cut their price objective on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the stock a “buy” rating in a report on Tuesday, October 31st. ValuEngine upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BidaskClub lowered shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $72.75.
Shares of Universal Electronics (UEIC) traded up $0.25 during mid-day trading on Friday, hitting $52.55. 85,253 shares of the stock traded hands, compared to its average volume of 81,677. Universal Electronics has a 1-year low of $48.50 and a 1-year high of $74.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.34. The stock has a market cap of $751.77, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.37 and a beta of 1.59.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). Universal Electronics had a net margin of 0.98% and a return on equity of 2.44%. The business had revenue of $175.51 million during the quarter, compared to analysts’ expectations of $182.53 million. During the same quarter in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts expect that Universal Electronics will post 2.11 earnings per share for the current year.
In other Universal Electronics news, Director William C. Mulligan purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of $55.91 per share, for a total transaction of $279,550.00. Following the completion of the acquisition, the director now owns 17,966 shares of the company’s stock, valued at approximately $1,004,479.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory Stapleton sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $60.31, for a total transaction of $603,100.00. Following the completion of the transaction, the director now owns 35,726 shares in the company, valued at approximately $2,154,635.06. The disclosure for this sale can be found here. Company insiders own 5.82% of the company’s stock.
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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.
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