News stories about Universal Electronics (NASDAQ:UEIC) have been trending positive this week, according to Alpha One Sentiment. The research firm, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Electronics earned a coverage optimism score of 0.35 on Alpha One’s scale. Alpha One also gave news stories about the technology company an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near term.
A number of research analysts recently weighed in on UEIC shares. Zacks Investment Research lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. B. Riley reissued a “buy” rating and issued a $77.25 target price on shares of Universal Electronics in a report on Wednesday, March 22nd. TheStreet raised shares of Universal Electronics from a “c+” rating to a “b-” rating in a report on Thursday, March 16th. Lake Street Capital lowered shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a report on Friday, May 5th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $77.00 target price on shares of Universal Electronics in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.45.
Shares of Universal Electronics (UEIC) traded down 0.82% during mid-day trading on Tuesday, reaching $66.65. The company had a trading volume of 3,137 shares. The company has a market capitalization of $961.89 million, a PE ratio of 55.54 and a beta of 1.60. Universal Electronics has a 1-year low of $52.90 and a 1-year high of $80.42. The stock’s 50-day moving average price is $65.34 and its 200 day moving average price is $66.15.
Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Universal Electronics had a return on equity of 14.40% and a net margin of 2.68%. The business had revenue of $162.30 million during the quarter, compared to the consensus estimate of $158.77 million. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Universal Electronics will post $3.35 EPS for the current year.
In other Universal Electronics news, Director Edward K. Zinser sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $70.00, for a total value of $700,000.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,400,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.82% of the stock is owned by company insiders.
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About Universal Electronics
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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