Universal Electronics (UEIC) Projected to Post Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Universal Electronics to post earnings of $0.14 per share and revenue of $102.47 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Universal Electronics Price Performance

NASDAQ:UEIC opened at $9.09 on Thursday. Universal Electronics has a one year low of $7.53 and a one year high of $14.20. The company has a market cap of $118.44 million, a P/E ratio of -4.43, a P/E/G ratio of 3.96 and a beta of 1.19. The firm’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $9.86.

Insider Buying and Selling at Universal Electronics

In other Universal Electronics news, CEO Paul D. Arling sold 13,185 shares of Universal Electronics stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total transaction of $154,660.05. Following the transaction, the chief executive officer now directly owns 283,615 shares of the company’s stock, valued at $3,326,803.95. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Monday, November 11th. StockNews.com raised shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, November 8th.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.