VOXX International Corporation (NASDAQ:VOXX) Posts Earnings Results, Misses Expectations By $0.06 EPS

VOXX International Corporation (NASDAQ:VOXX) released its quarterly earnings data on Monday, July 10th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.06, Briefing.com reports. VOXX International Corporation had a net margin of 0.83% and a return on equity of 1.45%. The business had revenue of $159.10 million during the quarter, compared to analyst estimates of $156 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The company’s revenue was up 2.3% on a year-over-year basis.

Shares of VOXX International Corporation (NASDAQ VOXX) traded up 1.43% on Friday, reaching $7.10. 240,100 shares of the company’s stock were exchanged. VOXX International Corporation has a 1-year low of $2.47 and a 1-year high of $9.00. The company has a market capitalization of $171.54 million, a P/E ratio of 30.87 and a beta of 0.93. The stock’s 50-day moving average price is $7.37 and its 200-day moving average price is $5.79.

A number of research firms have recently weighed in on VOXX. Cowen and Company reissued a “hold” rating and issued a $7.00 target price on shares of VOXX International Corporation in a report on Friday, July 14th. Zacks Investment Research downgraded shares of VOXX International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, TheStreet upgraded shares of VOXX International Corporation from a “d” rating to a “c-” rating in a research note on Wednesday, May 17th.

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About VOXX International Corporation

VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.

Earnings History for VOXX International Corporation (NASDAQ:VOXX)

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