Turtle Beach (NASDAQ:TBCH) Upgraded at Wedbush

Wedbush upgraded shares of Turtle Beach (NASDAQ:TBCH - Free Report) to a hold rating in a research note released on Tuesday,Zacks.com reports. Wedbush also issued estimates for Turtle Beach's Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $0.59 EPS, Q1 2026 earnings at ($0.23) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $0.60 EPS, Q1 2027 earnings at ($0.19) EPS, Q2 2027 earnings at ($0.10) EPS and FY2027 earnings at $0.84 EPS.

Separately, Craig Hallum lowered their price target on Turtle Beach from $23.00 to $16.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Turtle Beach Stock Performance

TBCH traded down $0.06 during midday trading on Tuesday, reaching $14.43. 114,984 shares of the company were exchanged, compared to its average volume of 329,754. The company's 50-day simple moving average is $12.23. The company has a quick ratio of 0.95, a current ratio of 1.96 and a debt-to-equity ratio of 0.38. The firm has a market cap of $290.76 million, a PE ratio of 19.77, a P/E/G ratio of 1.04 and a beta of 2.01. Turtle Beach has a one year low of $8.78 and a one year high of $19.50.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $63.90 million for the quarter, compared to analysts' expectations of $62.33 million. Turtle Beach had a return on equity of 15.59% and a net margin of 4.03%. On average, research analysts anticipate that Turtle Beach will post 1.17 earnings per share for the current year.

Turtle Beach Company Profile

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.