VIZIO (VZIO) Scheduled to Post Quarterly Earnings on Wednesday

VIZIO (NYSE:VZIO) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect VIZIO to post earnings of $0.01 per share for the quarter.

VIZIO (NYSE:VZIO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $353.90 million for the quarter, compared to analyst estimates of $373.95 million. VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts expect VIZIO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VIZIO Stock Performance

NYSE:VZIO opened at $10.97 on Tuesday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 121.89, a PEG ratio of 4.47 and a beta of 2.04. The company has a 50-day moving average of $10.83 and a 200-day moving average of $10.35. VIZIO has a 52 week low of $4.82 and a 52 week high of $11.28.

Insider Activity

In other VIZIO news, COO Ben Bun Wong sold 59,449 shares of VIZIO stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $625,997.97. Following the transaction, the chief operating officer now directly owns 3,261,702 shares in the company, valued at $34,345,722.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Ben Bun Wong sold 59,449 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97. Following the sale, the chief operating officer now directly owns 3,261,702 shares in the company, valued at $34,345,722.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Adam R. Townsend sold 97,110 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the completion of the sale, the chief financial officer now directly owns 482,562 shares in the company, valued at $5,081,377.86. The disclosure for this sale can be found here. Insiders sold 542,902 shares of company stock valued at $5,741,999 in the last quarter. Company insiders own 44.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on VZIO. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.77.

About VIZIO

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.