Q3 Earnings Estimate for Turtle Beach Issued By B. Riley

Key Points

• B. Riley has issued a Q3 2025 earnings per share estimate of $0.13 for Turtle Beach, along with a "Buy" rating and a price target of $21.00.
• The company reported a quarterly loss of ($0.14) EPS last quarter, which exceeded analysts' expectations of (0.27) EPS.
• Insider activity includes a major shareholder selling over 1.3 million shares, reducing their stake by 40.26%, while a director purchased 693,962 shares.

Turtle Beach Corporation (NASDAQ:TBCH - Free Report) - Equities research analysts at B. Riley issued their Q3 2025 earnings per share estimates for shares of Turtle Beach in a report released on Wednesday, October 1st. B. Riley analyst D. Crum anticipates that the company will post earnings per share of $0.13 for the quarter. B. Riley has a "Buy" rating and a $21.00 price target on the stock. The consensus estimate for Turtle Beach's current full-year earnings is $1.17 per share. B. Riley also issued estimates for Turtle Beach's Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $1.08 EPS and FY2026 earnings at $1.38 EPS.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.13. The business had revenue of $56.78 million for the quarter, compared to analysts' expectations of $57.23 million. Turtle Beach had a return on equity of 18.23% and a net margin of 5.53%. Turtle Beach has set its FY 2025 guidance at EPS.

A number of other brokerages have also issued reports on TBCH. Weiss Ratings restated a "sell (d+)" rating on shares of Turtle Beach in a research note on Saturday, September 27th. Wedbush reissued a "neutral" rating and issued a $13.50 price target (up previously from $12.00) on shares of Turtle Beach in a research note on Monday, August 4th. Finally, Oppenheimer reiterated an "outperform" rating and set a $19.00 price objective on shares of Turtle Beach in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Turtle Beach has an average rating of "Hold" and an average target price of $17.38.

Turtle Beach Trading Up 0.6%

Shares of TBCH stock opened at $15.48 on Monday. The stock has a market capitalization of $306.66 million, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.99. The company has a current ratio of 1.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $15.29 and its 200-day moving average price is $13.47. Turtle Beach has a 12-month low of $8.78 and a 12-month high of $19.50.

Hedge Funds Weigh In On Turtle Beach

Hedge funds have recently bought and sold shares of the company. Garnet Equity Capital Holdings Inc. acquired a new position in shares of Turtle Beach during the 2nd quarter worth $22,608,000. Bank of America Corp DE acquired a new stake in shares of Turtle Beach during the second quarter worth $6,930,000. AWM Investment Company Inc. acquired a new stake in shares of Turtle Beach during the second quarter worth $6,256,000. Geode Capital Management LLC acquired a new stake in shares of Turtle Beach during the second quarter worth $5,438,000. Finally, North Star Investment Management Corp. acquired a new position in Turtle Beach in the second quarter valued at $3,153,000. 67.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Turtle Beach

In other Turtle Beach news, major shareholder Dc Vga Llc sold 1,388,888 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $14.41, for a total transaction of $20,013,876.08. Following the completion of the sale, the insider directly owned 2,061,112 shares of the company's stock, valued at $29,700,623.92. This represents a 40.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Z. Wyatt bought 693,962 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $14.41 per share, with a total value of $9,999,992.42. Following the completion of the purchase, the director owned 693,962 shares in the company, valued at approximately $9,999,992.42. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by corporate insiders.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.

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