Universal Electronics (NASDAQ:UEIC) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.70-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.82. The company issued revenue guidance of $180-188 million, compared to the consensus revenue estimate of $189.57 million.
Shares of UEIC traded up $5.13 during mid-day trading on Friday, reaching $36.80. The company’s stock had a trading volume of 322,876 shares, compared to its average volume of 84,372. The firm has a market cap of $453.79 million, a price-to-earnings ratio of 11.05, a PEG ratio of 10.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 1.33. Universal Electronics has a 52 week low of $26.97 and a 52 week high of $56.35.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.33. The firm had revenue of $182.72 million during the quarter, compared to analyst estimates of $184.11 million. Universal Electronics had a net margin of 1.02% and a return on equity of 15.77%. As a group, equities research analysts predict that Universal Electronics will post 0.2 earnings per share for the current year.
In other news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $40.07, for a total value of $161,562.24. Following the completion of the sale, the insider now directly owns 4,032 shares in the company, valued at approximately $161,562.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.97% of the company’s stock.
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About Universal Electronics
Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.
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