Universal Electronics (UEIC) to Release Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Universal Electronics has set its Q3 2024 guidance at 0.010-0.110 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). Universal Electronics had a negative net margin of 11.19% and a negative return on equity of 19.41%. The firm had revenue of $90.45 million during the quarter, compared to analysts’ expectations of $94.86 million. On average, analysts expect Universal Electronics to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Universal Electronics Trading Up 1.6 %

Shares of UEIC stock traded up $0.13 during mid-day trading on Tuesday, reaching $8.27. The stock had a trading volume of 5,445 shares, compared to its average volume of 62,960. Universal Electronics has a 12-month low of $7.17 and a 12-month high of $14.20. The company has a market cap of $107.34 million, a P/E ratio of -2.43 and a beta of 1.13. The business has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $10.29.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th.

Universal Electronics Company Profile

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.