VIZIO (NYSE:VZIO - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.07), Briefing.com reports. The business had revenue of $353.90 million during the quarter, compared to the consensus estimate of $373.95 million. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. VIZIO's quarterly revenue was down .8% compared to the same quarter last year.
VIZIO Price Performance
VZIO traded down $0.17 during mid-day trading on Thursday, hitting $10.31. The stock had a trading volume of 4,864,299 shares, compared to its average volume of 2,702,550. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 68.73, a price-to-earnings-growth ratio of 2.11 and a beta of 2.08. The stock's fifty day simple moving average is $10.87 and its 200-day simple moving average is $8.58. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.28.
Insider Activity
In related news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the completion of the transaction, the director now owns 2,536,542 shares in the company, valued at $25,137,131.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 45.06% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VZIO. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Barrington Research cut shares of VIZIO from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 20th. Roth Capital cut shares of VIZIO from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 21st. Piper Sandler reissued a "neutral" rating and set a $11.50 price target (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Finally, Roth Mkm reissued a "neutral" rating and set a $11.50 price target (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.77.
View Our Latest Stock Analysis on VIZIO
About VIZIO
(
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VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.
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