VOXX International (NASDAQ:VOXX) Posts Quarterly Earnings Results, Beats Expectations By $0.36 EPS

VOXX International (NASDAQ:VOXX) issued its quarterly earnings data on Sunday. The auto parts company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.36, Fidelity Earnings reports. VOXX International had a net margin of 4.77% and a return on equity of 8.71%.

Shares of VOXX stock opened at $9.59 on Tuesday. The firm has a market cap of $228.97 million, a price-to-earnings ratio of 7.73 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.23 and a current ratio of 2.32. VOXX International has a 52 week low of $9.06 and a 52 week high of $27.78. The firm’s 50-day simple moving average is $11.04 and its two-hundred day simple moving average is $11.31.

Separately, Imperial Capital started coverage on shares of VOXX International in a research note on Thursday, November 4th. They set an “outperform” rating and a $15.00 target price for the company.

In other news, Director Beat Kahli acquired 10,000 shares of VOXX International stock in a transaction that occurred on Wednesday, October 20th. The stock was bought at an average price of $11.21 per share, with a total value of $112,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders bought 75,517 shares of company stock worth $884,655. Insiders own 37.57% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in shares of VOXX International by 12.1% in the 3rd quarter. Invesco Ltd. now owns 43,851 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 4,733 shares in the last quarter. Morgan Stanley raised its holdings in VOXX International by 19.2% during the 3rd quarter. Morgan Stanley now owns 234,972 shares of the auto parts company’s stock valued at $2,690,000 after buying an additional 37,842 shares during the last quarter. UBS Group AG raised its holdings in VOXX International by 3.7% during the 3rd quarter. UBS Group AG now owns 42,539 shares of the auto parts company’s stock valued at $487,000 after buying an additional 1,500 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in VOXX International by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 83,961 shares of the auto parts company’s stock valued at $962,000 after buying an additional 2,985 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

VOXX International Company Profile

Voxx International Corp. engages in the manufacture and distribution of consumer electronic products. It operates through the following segments: Automotive Electronics, Consumer Electronics, and Biometrics. The Automotive Electronics segment offers products including entertainment devices, automotive security, remote start systems, mobile multimedia devices, and car-link smartphone telematics applications.

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Earnings History for VOXX International (NASDAQ:VOXX)

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