Universal Electronics Inc (UEIC) Releases Earnings Results, Reports EPS of $0.77 EPS

Universal Electronics Inc (UEIC) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.77 EPS for the quarter. Analysts had a consensus estimate of $0.77. The company posted revenue of $172.20 million in the period, 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.

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 .

Universal Electronics Inc closed down -0.52 points or -0.67% at $76.61 with 82,373 shares getting traded on Tusday. Post opening the session at $77.3, the shares hit an intraday low of $75.38 and an intraday high of $77.76 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

Universal Electronics Inc

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