Zagg Inc (ZAGG) Releases Earnings Results, Beats Expectations By $0.15 EPS

Zagg Inc (ZAGG) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $-0.04. The company posted revenue of $99.83 million in the period, compared to analysts expectations of $93.07 million. The company’s revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Zagg Inc. Company shares were Reiterated by ROTH Capital on Jul 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $13 .

Zagg Inc opened for trading at $6.4 and hit $6.46 on the upside on Friday, eventually ending the session at $6.33, with a gain of 0.32% or 0.02 points. The heightened volatility saw the trading volume jump to 5,47,252 shares. Company has a market cap of $178 M.

In a different news, on May 20, 2016, E Todd Heiner (director) purchased 37,865 shares at $5.25 per share price. According to the SEC, on May 19, 2016, Bradley J Holiday (CFO) purchased 7,560 shares at $5.24 per share price. On Dec 3, 2015, Randall L Hales (President, CEO) sold 15,000 shares at $10.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Zagg Inc. (Zagg) designs produces and distributes product solutions. The Company offers screen protection keyboards for tablet computers and mobile devices keyboard cases earbuds mobile power solutions cables and cases under the ZAGG and InvisibleShield brands. In addition the Company designs produces and distributes earbuds headphones mobile power solutions Bluetooth speakers cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices and sells these products to consumers through global distribution partners and online. The Company offers products for market segments of handheld electronic devices including smartphones tablets MP3 players notebook computers laptops gaming devices Global Positioning System (GPS) devices watch faces and similar devices and surfaces.

Zagg Inc

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