Universal Electronics Inc (UEIC) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Universal Electronics Inc (UEIC) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.50 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.54. The company posted revenue of $151.50 million in the period, compared to analysts expectations of $156.85 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Universal Electronics Inc. Universal Electronics Inc was Downgraded by Sidoti to ” Neutral” on Mar 10, 2016.

Universal Electronics Inc closed down -1.1 points or -1.67% at $64.79 with 1,38,174 shares getting traded on Wednesday. Post opening the session at $65.44, the shares hit an intraday low of $64.13 and an intraday high of $66.475 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 15, 2016, William C Mulligan (director) sold 23,745 shares at $62.26 per share price. According to the SEC, on Mar 10, 2016, Louis Sylvester Hughes (EVP) sold 2,245 shares at $63.46 per share price. On Feb 24, 2016, Richard A Jr Firehammer (Senior Vice President) sold 21,413 shares at $53.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Universal Electronics Inc. (UEI) develops control technology solutions and manufactures a line of pre-programmed universal remote control products embedded hardware and software and audio-video (AV) accessories for home entertainment systems. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls; audio-video (AV) accessories; integrated circuits on which its software and universal device control database is embedded; software firmware and technology solutions that can enable devices such as TVs set-top boxes stereos smart phones tablets gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services and intellectual property which the Company licenses to OEMs software development companies private label customers and subscription broadcasting providers.

Universal Electronics Inc

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