Zacks: Analysts Anticipate Zagg Inc (NASDAQ:ZAGG) to Post -$0.09 EPS
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.
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.
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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