Universal Electronics (NASDAQ:UEIC) Issues Q4 2024 Earnings Guidance

Universal Electronics (NASDAQ:UEIC) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.100-0.200 for the period, compared to the consensus estimate of 0.150. The company issued revenue guidance of $99.0 million-$109.0 million, compared to the consensus revenue estimate of $99.9 million.

Universal Electronics Stock Performance

Shares of Universal Electronics stock traded up $2.67 during trading on Friday, reaching $11.09. The company’s stock had a trading volume of 191,945 shares, compared to its average volume of 51,339. Universal Electronics has a one year low of $7.17 and a one year high of $14.20. The firm has a market cap of $143.95 million, a price-to-earnings ratio of -5.41 and a beta of 1.13. The business’s fifty day moving average price is $8.60 and its 200-day moving average price is $10.27.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The company had revenue of $90.45 million for the quarter, compared to the consensus estimate of $94.86 million. Universal Electronics had a negative return on equity of 8.50% and a negative net margin of 6.96%. Sell-side analysts anticipate that Universal Electronics will post -0.62 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on UEIC. Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday. StockNews.com raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note 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.