Universal Electronics (UEIC) Earning Somewhat Favorable News Coverage, Report Finds

Media coverage about Universal Electronics (NASDAQ:UEIC) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Electronics earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.4574807623631 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, B. Riley restated a “buy” rating and issued a $73.00 target price on shares of Universal Electronics in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.75.

Shares of NASDAQ:UEIC opened at $49.85 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. Universal Electronics has a fifty-two week low of $41.95 and a fifty-two week high of $72.50. The stock has a market cap of $716.30, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Universal Electronics had a negative net margin of 1.48% and a positive return on equity of 11.65%. The business had revenue of $181.15 million during the quarter, compared to the consensus estimate of $175.42 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities analysts expect that Universal Electronics will post 1.83 earnings per share for the current fiscal year.

In related news, Director Gregory Stapleton sold 10,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $50.04, for a total transaction of $500,400.00. Following the completion of the sale, the director now owns 37,601 shares of the company’s stock, valued at approximately $1,881,554.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard A. Firehammer, Jr. sold 2,817 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $52.35, for a total transaction of $147,469.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,317 shares of company stock valued at $829,170. Insiders own 5.94% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Universal Electronics (NASDAQ:UEIC)

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