Turtle Beach (NASDAQ:TBCH) Now Covered by Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of Turtle Beach (NASDAQ:TBCH) in a report issued on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $23.00 price target on the stock.

Separately, Wedbush lifted their price objective on Turtle Beach from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, March 14th.

Turtle Beach Stock Up 1.1 %

Shares of TBCH stock opened at $14.27 on Monday. The firm has a market cap of $284.99 million, a P/E ratio of 49.21, 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) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.11). Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. The company had revenue of $146.08 million for the quarter, compared to the consensus estimate of $154.10 million. On average, 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.