Turtle Beach (NASDAQ:TBCH) Releases Quarterly Earnings Results

Turtle Beach (NASDAQ:TBCH) posted its quarterly earnings results on Thursday. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.35), FiscalAI reports. The business had revenue of $42.17 million during the quarter. Turtle Beach had a return on equity of 13.48% and a net margin of 4.92%.

Here are the key takeaways from Turtle Beach’s conference call:

• Q1 revenue fell to $42.2M from $63.9M a year ago, gross margin dropped to 26.8% (from 36.6%), adjusted EBITDA was a $6.5M loss and net loss was $15.2M, driven by channel inventory compression and promotional activity.
• Management reaffirmed full‑year 2026 guidance of $335M–$355M revenue and $44M–$48M adjusted EBITDA, calling for a back‑loaded year with sequential improvement starting in Q2 and a strong second half tied to new product placements and holiday demand.
• Company is accelerating its product pipeline (targeting >50% YoY growth in new launches), highlighted by the premium Stealth Pro II (CrossPlay 2.0, Hi‑Res, Dolby Atmos, ANC) which has pre‑orders more than double its predecessor, signaling early demand momentum.
• Turtle Beach refinanced credit facilities (up to $80M ABL and an $85M term loan) to enhance capital flexibility, has started share repurchases and has $56M remaining on its buyback authorization while carrying net debt of $41.3M.

Turtle Beach Stock Performance

TBCH traded down $0.11 on Friday, reaching $12.29. The company had a trading volume of 706,006 shares, compared to its average volume of 265,798. Turtle Beach has a 1 year low of $9.81 and a 1 year high of $17.39. The stock has a market capitalization of $243.96 million, a PE ratio of 15.76, a P/E/G ratio of 0.90 and a beta of 2.26. The company has a quick ratio of 1.19, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $11.60 and a 200-day moving average price of $13.07.

More Turtle Beach News

Here are the key news stories impacting Turtle Beach this week:

• Negative Sentiment: Turtle Beach reported a Q1 loss of $0.78 per share, missing the consensus estimate of a $0.43 loss and worsening from a $0.03 loss a year ago. Article Title
• Negative Sentiment: Revenue came in at $42.2 million, below estimates of about $47.8 million and down 34% year over year, signaling continued demand weakness. Article Title
• Negative Sentiment: Gross profit fell sharply year over year, reflecting lower sales and weaker product mix, which can raise concerns about near-term profitability. Article Title

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wedbush dropped their price target on shares of Turtle Beach from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Oppenheimer restated an “outperform” rating and issued a $18.00 price target (down from $20.00) on shares of Turtle Beach in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Turtle Beach in a research note on Friday, March 27th. B. Riley Financial dropped their price target on shares of Turtle Beach from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $15.00 price objective on shares of Turtle Beach in a research report on Friday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Insiders Place Their Bets

In related news, Director Katherine Lee Scherping sold 19,902 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $11.62, for a total value of $231,261.24. Following the completion of the sale, the director directly owned 14,465 shares of the company’s stock, valued at $168,083.30. The trade was a 57.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Turtle Beach

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its position in Turtle Beach by 8.4% in the fourth quarter. Deutsche Bank AG now owns 11,592 shares of the company’s stock valued at $163,000 after acquiring an additional 898 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Turtle Beach by 87.2% in the third quarter. BNP Paribas Financial Markets now owns 2,988 shares of the company’s stock valued at $48,000 after acquiring an additional 1,392 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Turtle Beach by 44.9% in the third quarter. AlphaQuest LLC now owns 5,461 shares of the company’s stock valued at $87,000 after buying an additional 1,693 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Turtle Beach by 9.4% in the fourth quarter. State of Wisconsin Investment Board now owns 24,908 shares of the company’s stock valued at $349,000 after buying an additional 2,132 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Turtle Beach by 13.4% in the third quarter. Franklin Resources Inc. now owns 19,726 shares of the company’s stock valued at $314,000 after buying an additional 2,335 shares during the last quarter. 67.01% of the stock is owned by hedge funds and other institutional investors.

Turtle Beach Company Profile

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.