Xperi (NYSE:XPER) Announces Earnings Results

Xperi (NYSE:XPER) released its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07, FiscalAI reports. The firm had revenue of $113.95 million for the quarter, compared to analyst estimates of $111.47 million. Xperi had a negative net margin of 7.12% and a positive return on equity of 4.04%.

Xperi Stock Down 0.6%

XPER stock traded down $0.03 during trading on Wednesday, hitting $5.36. 796,377 shares of the company’s stock were exchanged, compared to its average volume of 428,884. The business has a 50-day moving average price of $5.49 and a two-hundred day moving average price of $6.43. Xperi has a 52-week low of $4.91 and a 52-week high of $8.75. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $261.22 million, a price-to-earnings ratio of -7.65 and a beta of 1.40.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a research report on Wednesday, August 26th. BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Xperi in a research report on Friday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of Xperi in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Xperi from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Xperi Company Profile

Xperi Inc (NYSE: XPER) is an entertainment and consumer technology company that develops software, services and technologies for connected televisions, cars and other consumer electronics. Its products are designed to help people discover, access and enjoy digital entertainment across traditional television, streaming and in-vehicle environments.

The company’s portfolio includes the TiVo entertainment platform, which provides television operating systems, content discovery, viewing guides and related services for smart-TV manufacturers, pay-TV providers and consumers.