Equities research analysts expect that Zagg Inc (NASDAQ:ZAGG) will post earnings per share of ($0.09) for the current quarter, Zacks reports. Three analysts have issued estimates for Zagg’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.13). Zagg posted earnings of $0.11 per share in the same quarter last year, which suggests a negative year over year growth rate of 181.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Zagg will report full year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.59. For the next financial year, analysts forecast that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.24 to $1.69. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Zagg.

Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.09). The company had revenue of $78.80 million during the quarter, compared to analyst estimates of $78.75 million. Zagg had a net margin of 3.51% and a return on equity of 13.95%. The company’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS.

Several equities research analysts recently issued reports on ZAGG shares. Zacks Investment Research downgraded Zagg from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 11th. ValuEngine downgraded Zagg from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Finally, BidaskClub downgraded Zagg from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus target price of $13.50.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Zagg by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,896,725 shares of the specialty retailer’s stock worth $18,549,000 after acquiring an additional 11,077 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Zagg by 28.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 785,320 shares of the specialty retailer’s stock worth $7,123,000 after purchasing an additional 175,722 shares in the last quarter. Tieton Capital Management LLC raised its stake in shares of Zagg by 18.0% during the 1st quarter. Tieton Capital Management LLC now owns 534,170 shares of the specialty retailer’s stock worth $4,845,000 after purchasing an additional 81,363 shares in the last quarter. Signia Capital Management LLC raised its stake in shares of Zagg by 103.6% during the 1st quarter. Signia Capital Management LLC now owns 369,542 shares of the specialty retailer’s stock worth $3,351,000 after purchasing an additional 188,051 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Zagg by 20.2% during the 4th quarter. American Century Companies Inc. now owns 367,943 shares of the specialty retailer’s stock worth $3,598,000 after purchasing an additional 61,904 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Zagg stock traded up $0.16 during mid-day trading on Monday, hitting $7.15. The company’s stock had a trading volume of 714,460 shares, compared to its average volume of 628,064. The company has a market cap of $203.15 million, a P/E ratio of 4.97, a P/E/G ratio of 0.65 and a beta of 1.54. The company has a current ratio of 2.01, a quick ratio of 1.08 and a debt-to-equity ratio of 0.60. Zagg has a 52-week low of $6.24 and a 52-week high of $19.40.

About Zagg

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.

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Earnings History and Estimates for Zagg (NASDAQ:ZAGG)

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