Turtle Beach (NASDAQ:TBCH – Get Free Report) had its price objective upped by equities researchers at Wedbush from $20.00 to $21.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 54.87% from the company’s previous close. Wedbush also issued estimates for Turtle Beach’s FY2025 earnings at $1.78 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $1.28 EPS, FY2026 earnings at $2.10 EPS and FY2027 earnings at $2.37 EPS.
Turtle Beach Price Performance
Shares of TBCH opened at $13.56 on Friday. The stock has a market capitalization of $272.27 million, a P/E ratio of 46.76, a P/E/G ratio of 0.77 and a beta of 2.05. Turtle Beach has a 1-year low of $12.10 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.60 and a current ratio of 1.26.
Turtle Beach (NASDAQ:TBCH – Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). The company had revenue of $146.08 million during the quarter, compared to analysts’ expectations of $154.10 million. Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. On average, equities research analysts anticipate that Turtle Beach will post 1.17 earnings per share for the current year.
About Turtle Beach
Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.
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