Brokerages Expect Voxx International Corp. (NASDAQ:VOXX) to Announce ($0.01) EPS
Shares of Voxx International Corp. (NASDAQ:VOXX) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price target of $3.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Voxx International Corp. an industry rank of 204 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Voxx International Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th.
In other news, insider Patrick M. Lavelle acquired 16,154 shares of Voxx International Corp. stock in a transaction that occurred on Thursday, August 25th. The shares were bought at an average cost of $3.04 per share, with a total value of $49,108.16. Following the transaction, the insider now directly owns 55,299 shares of the company’s stock, valued at approximately $168,108.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.51% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Springbok Capital Management LLC raised its stake in Voxx International Corp. by 12.3% in the first quarter. Springbok Capital Management LLC now owns 27,390 shares of the company’s stock worth $122,000 after buying an additional 2,990 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Voxx International Corp. by 28.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,500 shares of the company’s stock worth $133,000 after buying an additional 10,500 shares during the period. Oppenheimer & Co. Inc. raised its stake in Voxx International Corp. by 95.7% in the second quarter. Oppenheimer & Co. Inc. now owns 54,800 shares of the company’s stock worth $153,000 after buying an additional 26,800 shares during the period. Paloma Partners Management Co purchased a new stake in Voxx International Corp. during the second quarter worth $243,000. Finally, Renaissance Technologies LLC raised its stake in Voxx International Corp. by 307.5% in the first quarter. Renaissance Technologies LLC now owns 59,900 shares of the company’s stock worth $268,000 after buying an additional 45,200 shares during the period. 60.50% of the stock is currently owned by institutional investors.
Shares of Voxx International Corp. (NASDAQ:VOXX) opened at 3.15 on Wednesday. The company’s market capitalization is $76.10 million. The firm’s 50-day moving average price is $2.89 and its 200 day moving average price is $3.53. Voxx International Corp. has a 52-week low of $2.47 and a 52-week high of $8.10.
Voxx International Corp. (NASDAQ:VOXX) last announced its earnings results on Monday, July 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.08. The business had revenue of $155.50 million for the quarter. Voxx International Corp. had a negative net margin of 0.93% and a positive return on equity of 0.78%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. On average, equities analysts forecast that Voxx International Corp. will post $0.26 earnings per share for the current year.
Voxx International Corp. Company Profile
VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company operates in three segments, which include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices and aftermarket/OE-styled radios, among others.
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