VOXX International Corporation (NASDAQ:VOXX) Announces Earnings Results

VOXX International Corporation (NASDAQ:VOXX) issued its quarterly earnings results on Monday. The auto parts company reported ($0.13) earnings per share 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 company had revenue of $159.10 million during the quarter, compared to the consensus estimate of $156 million. During the same period last year, the company earned ($0.18) earnings per share. VOXX International Corporation’s revenue for the quarter was up 2.3% on a year-over-year basis.

VOXX International Corporation (NASDAQ:VOXX) opened at 7.32 on Wednesday. VOXX International Corporation has a 52 week low of $2.47 and a 52 week high of $9.00. The stock has a 50 day moving average of $6.81 and a 200-day moving average of $5.40. The firm has a market cap of $176.97 million, a PE ratio of 40.69 and a beta of 0.96.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of VOXX International Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Cowen and Company reissued a “market perform” rating and issued a $6.00 price target (up from $4.00) on shares of VOXX International Corporation in a report on Wednesday, May 17th. Finally, TheStreet raised shares of VOXX International Corporation from a “d” rating to a “c-” rating in a report 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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