Universal Electronics Inc (UEIC) was Initiated by Lake Street to “Buy” and the brokerage firm has set the Price Target at $87. Lake Street advised their investors in a research report released on Aug 18, 2016.
Many Wall Street Analysts have commented on Universal Electronics Inc. Sidoti Initiated Universal Electronics Inc on Jul 22, 2016 to “Buy”, Price Target of the shares are set at $98.Company shares were Reiterated by Dougherty & Company on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $70 .
On the company’s financial health, Universal Electronics Inc reported $0.77 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.77. The company had revenue of $172.20 million for the quarter, compared to analysts expectations of $169.97 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Universal Electronics Inc opened for trading at $77.85 and hit $80.42 on the upside on Wednesday, eventually ending the session at $78.99, with a gain of 1.43% or 1.11 points. The heightened volatility saw the trading volume jump to 1,08,728 shares. Company has a market cap of $1,143 M.
In a different news, on Jul 15, 2016, Louis Sylvester Hughes (EVP) sold 1,771 shares at $48.06 per share price. According to the SEC, on Jun 15, 2016, Edward K Zinser (director) sold 2,600 shares at $66.88 per share price. On Jun 8, 2016, Paul J Bennett (EVP) sold 13,100 shares at $66.50 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.