Analysts Anticipate ZAGG Inc (ZAGG) to Post $0.76 EPS

Analysts predict that ZAGG Inc (NASDAQ:ZAGG) will post earnings per share of $0.76 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ZAGG’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.70. ZAGG reported earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year over year growth rate of 1,050%. The firm is scheduled to issue its next earnings results on Tuesday, March 6th.

On average, analysts expect that ZAGG will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.04. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover ZAGG.

ZAGG (NASDAQ:ZAGG) last announced its earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. ZAGG had a return on equity of 6.59% and a net margin of 0.63%. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $128.23 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis.

Several brokerages recently weighed in on ZAGG. Roth Capital set a $9.00 target price on ZAGG and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Northland Securities set a $10.00 target price on ZAGG and gave the company a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut ZAGG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub raised ZAGG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, B. Riley set a $17.00 target price on ZAGG and gave the company a “hold” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. ZAGG presently has a consensus rating of “Buy” and a consensus target price of $17.67.

Shares of ZAGG (NASDAQ:ZAGG) traded up $0.50 during mid-day trading on Friday, reaching $21.95. The company had a trading volume of 1,103,714 shares, compared to its average volume of 436,367. ZAGG has a fifty-two week low of $5.90 and a fifty-two week high of $22.15. The company has a market capitalization of $600.07, a PE ratio of 82.50, a P/E/G ratio of 4.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68.

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In related news, CEO Randall L. Hales sold 19,829 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.85, for a total value of $393,605.65. Following the completion of the transaction, the chief executive officer now owns 713,380 shares in the company, valued at approximately $14,160,593. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randall L. Hales sold 50,001 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.16, for a total value of $958,019.16. Following the completion of the transaction, the chief executive officer now owns 713,380 shares of the company’s stock, valued at approximately $13,668,360.80. The disclosure for this sale can be found here. Insiders sold a total of 99,830 shares of company stock valued at $1,903,425 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gotham Asset Management LLC acquired a new stake in ZAGG during the 2nd quarter worth about $100,000. American International Group Inc. boosted its position in ZAGG by 7.0% during the 1st quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 1,117 shares during the period. Voya Investment Management LLC boosted its position in ZAGG by 18.2% during the 2nd quarter. Voya Investment Management LLC now owns 17,709 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 2,730 shares during the period. Alliancebernstein L.P. acquired a new stake in ZAGG during the 2nd quarter worth about $169,000. Finally, JPMorgan Chase & Co. boosted its position in ZAGG by 0.4% during the 1st quarter. JPMorgan Chase & Co. now owns 24,142 shares of the specialty retailer’s stock worth $174,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 80.94% of the company’s stock.

About ZAGG

ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.

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Earnings History and Estimates for ZAGG (NASDAQ:ZAGG)

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