Universal Electronics (UEIC) Projected to Post Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) is expected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $102.47 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Universal Electronics Price Performance

Shares of NASDAQ:UEIC opened at $9.09 on Thursday. Universal Electronics has a 1-year low of $7.53 and a 1-year high of $14.20. The company has a market capitalization of $118.44 million, a PE ratio of -4.43, a PEG ratio of 3.96 and a beta of 1.19. The business has a fifty day moving average price of $10.60 and a 200-day moving average price of $9.86.

Insider Activity at Universal Electronics

In related news, CEO Paul D. Arling sold 13,185 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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. This represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UEIC has been the topic of a number of analyst reports. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $14.00 in a research report on Monday, November 11th. StockNews.com raised Universal Electronics from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Rosenblatt Securities raised Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note 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.