Universal Electronics (UEIC) to Release Quarterly Earnings on Thursday

Universal Electronics (NASDAQ:UEIC) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Universal Electronics Price Performance

Shares of Universal Electronics stock opened at $10.86 on Wednesday. The firm’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $10.53. Universal Electronics has a 12 month low of $7.02 and a 12 month high of $14.20. The stock has a market capitalization of $140.00 million, a price-to-earnings ratio of -3.08 and a beta of 1.13.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UEIC shares. Rosenblatt Securities reiterated a “neutral” rating and set a $15.00 target price on shares of Universal Electronics in a research note on Friday, May 3rd. B. Riley increased their price objective on Universal Electronics from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th.

About Universal Electronics

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.