Wedbush Has Positive Outlook for Turtle Beach Q3 Earnings

Key Points

• Wedbush has upgraded its Q3 2025 earnings per share estimate for Turtle Beach to $0.17, up from $0.16, maintaining a "Neutral" rating with a price target of $13.50.
• The company last reported an EPS of ($0.03) for Q2, exceeding expectations, while its revenue reached $63.90 million, surpassing the forecast of $62.33 million.
• Institutional investors hold a significant stake in Turtle Beach, with 67.01% of the company's stock owned by hedge funds and other large investors.

Turtle Beach Corporation (NASDAQ:TBCH - Free Report) - Investment analysts at Wedbush upped their Q3 2025 earnings per share (EPS) estimates for Turtle Beach in a report issued on Monday, August 4th. Wedbush analyst A. Reese now anticipates that the company will earn $0.17 per share for the quarter, up from their prior forecast of $0.16. Wedbush has a "Neutral" rating and a $13.50 price target on the stock. The consensus estimate for Turtle Beach's current full-year earnings is $1.17 per share. Wedbush also issued estimates for Turtle Beach's Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $0.64 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $0.65 EPS and FY2027 earnings at $0.91 EPS.

Turtle Beach (NASDAQ:TBCH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $63.90 million during the quarter, compared to analysts' expectations of $62.33 million. Turtle Beach had a net margin of 4.03% and a return on equity of 15.59%.

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

Turtle Beach Price Performance

NASDAQ TBCH opened at $14.32 on Tuesday. The firm has a market capitalization of $288.55 million, a P/E ratio of 19.62, a PEG ratio of 1.12 and a beta of 1.96. The firm's fifty day simple moving average is $13.44. Turtle Beach has a 1 year low of $8.78 and a 1 year high of $19.50. The company has a quick ratio of 0.95, a current ratio of 1.96 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Turtle Beach

Several large investors have recently made changes to their positions in TBCH. Signaturefd LLC purchased a new position in Turtle Beach during the second quarter worth approximately $41,000. AlphaQuest LLC acquired a new stake in Turtle Beach in the 2nd quarter valued at $52,000. CWM LLC acquired a new stake in Turtle Beach in the 2nd quarter valued at $65,000. Envestnet Asset Management Inc. purchased a new stake in Turtle Beach in the 2nd quarter worth $154,000. Finally, North Star Investment Management Corp. acquired a new position in Turtle Beach during the second quarter worth $3,153,000. 67.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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