NASDAQ:UEIC

Universal Electronics (UEIC) Stock Forecast, Price & News

$8.72

-0.27 (-3.00%)

(As of 06/9/2023 ET)

Compare

Today's Range: $8.70
▼
$9.33
50-Day Range: $8.07
▼
$10.46
52-Week Range: $7.78
▼
$29.28

Volume: 92,566 shs
Average Volume: 119,522 shs
Market Capitalization: $112.14 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.67

Universal Electronics MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 148.5% Upside
$21.67 Price Target
Short Interest: Healthy
3.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.01
Upright™ Environmental Score
News Sentiment: 1.43
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$107,296 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($5.75) to ($0.83) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Computer And Technology Sector

110th out of 598 stocks

Household Audio & Video Equipment Industry

2nd out of 6 stocks

3.2

Analyst's Opinion

Consensus Rating
Universal Electronics has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.67, Universal Electronics has a forecasted upside of 148.5% from its current price of $8.72.
Amount of Analyst Coverage
Universal Electronics has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.29% of the float of Universal Electronics has been sold short.
Short Interest Ratio / Days to Cover
Universal Electronics has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Universal Electronics has recently decreased by 16.39%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Universal Electronics does not currently pay a dividend.
Dividend Growth
Universal Electronics does not have a long track record of dividend growth.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Universal Electronics has received a 20.56% net impact score from Upright. Universal Electronics seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Universal remote controllers", "Wireless access points", and "Cloud management tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Universal Electronics is -2.01.

3.0

News and Social Media Coverage

News Sentiment
Universal Electronics has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Universal Electronics this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for UEIC on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Universal Electronics to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Universal Electronics insiders have bought more of their company's stock than they have sold. Specifically, they have bought $107,296.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.91% of the stock of Universal Electronics is held by insiders.
Percentage Held by Institutions
85.43% of the stock of Universal Electronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Universal Electronics are expected to grow in the coming year, from ($5.75) to ($0.83) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Universal Electronics is -1.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Universal Electronics is -1.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Universal Electronics has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics, Inc. engages in the design, development, and trade of control and sensor technology solutions. Its products include one for all retail accessories, tablets and smartphones, and consumer electronics OEM. The firm's services include design, global manufacturing, and outsourced call center services. Its brands include QuickSet Cloud, Nevo, One For All, Ecolink, and RCS Technology. The company was founded on November 21, 1986 and is headquartered in Scottsdale, AZ.

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UEIC Stock News Headlines

May 20, 2023 | americanbankingnews.com

Universal Electronics (NASDAQ:UEIC) Earns Hold Rating from Analysts at StockNews.com

May 19, 2023 | finance.yahoo.com

These Return Metrics Don't Make Universal Electronics (NASDAQ:UEIC) Look Too Strong

June 10, 2023 | Vantage Point (Ad)

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May 15, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in the B. Riley 23rd Annual Institutional Investor Conference on Wednesday, May 24, 2023

May 5, 2023 | marketwatch.com

Universal Electronics Reports Financial Results for the First Quarter 2023

May 4, 2023 | msn.com

Recap: Universal Electronics Q1 Earnings

May 4, 2023 | finance.yahoo.com

Universal Electronics (UEIC) Reports Q1 Loss, Tops Revenue Estimates

April 20, 2023 | finance.yahoo.com

Universal Electronics Inc. to Host First Quarter 2023 Financial Results Conference Call on May 4th

June 10, 2023 | Behind the Markets (Ad)

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April 5, 2023 | finance.yahoo.com

Universal Electronics (NASDAQ:UEIC) investors are sitting on a loss of 81% if they invested five years ago

March 16, 2023 | finance.yahoo.com

Is Universal Electronics Inc. (NASDAQ:UEIC) Potentially Undervalued?

March 15, 2023 | msn.com

Analyst Expectations for Universal Electronics's Future

March 13, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in the Sidoti Small-Cap Conference on Wednesday, March 22-23, 2023

February 19, 2023 | finance.yahoo.com

Analysts Just Shaved Their Universal Electronics Inc. (NASDAQ:UEIC) Forecasts Dramatically

February 17, 2023 | marketwatch.com

: Universal Electronics downgraded to neutral from buy at B. Riley

February 16, 2023 | msn.com

Universal Electronics Non-GAAP EPS of $0.44 misses by $0.34, revenue of $122.76M misses by $7.83M

February 16, 2023 | finance.yahoo.com

Universal Electronics Reports Fourth Quarter and Year-End 2022 Financial Results

February 6, 2023 | finance.yahoo.com

UEI Smart Thermostat Platform Expands Capabilities with Matter and Zigbee Connectivity for Enhanced Interoperability, Automation and Support Services

February 2, 2023 | finance.yahoo.com

Universal Electronics Inc. to Host Fourth Quarter and Full Year 2022 Financial Results Conference Call on February 16

January 27, 2023 | seekingalpha.com

UEIC Universal Electronics Inc.

January 9, 2023 | finance.yahoo.com

With 85% ownership, Universal Electronics Inc. (NASDAQ:UEIC) boasts of strong institutional backing

January 9, 2023 | finance.yahoo.com

Universal Electronics Inc. to Present at the 25th Annual Needham Growth Conference on January 12th

January 7, 2023 | finance.yahoo.com

UEI Expands Its Wireless Connectivity Solutions With Enhanced Security, Sustainability, and Scalability

December 22, 2022 | finance.yahoo.com

Universal Electronics’ Eterna Remote Named as CES 2023 Innovation Awards Honoree

December 8, 2022 | finance.yahoo.com

Universal Electronics Inc. to Present at the 19th Annual Imperial Capital Security Investor Conference

December 5, 2022 | finance.yahoo.com

Wall Street Analysts Think Universal Electronics (UEIC) Could Surge 51%: Read This Before Placing a Bet

December 5, 2022 | finance.yahoo.com

Universal Electronics (UEIC) Upgraded to Buy: Here's Why

See More Headlines

UEIC Price History

30 days | 90 days | 365 days | Advanced Chart

UEIC Company Calendar

Last Earnings: 5/04/2023
Today: 6/10/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Household audio & video equipment
Sub-Industry: Consumer Electronics
Sector: Computer and Technology
Current Symbol: NASDAQ:UEIC
CUSIP: 91348310
CIK: 101984
Web: www.uei.com
Phone: (480) 530-3000
Fax: 714-918-4100
Employees: 4,658
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $21.67
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +148.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $410,000.00
Net Margins: -11.19%
Pretax Margin: -9.41%
Return on Equity: -3.55%
Return on Assets: -1.84%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.61
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $542.75 million
Price / Sales: 0.21
Cash Flow: $1.87 per share
Price / Cash Flow: 4.66
Book Value: $21.17 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 12,860,000
Free Float: 11,711,000
Market Cap: $112.14 million
Optionable: Optionable
Beta: 1.28

Social Links

Key Executives

Paul D. Arling
Chairman & Chief Executive Officer

Richard K. Carnifax
Senior Vice President-Global Operations

Bryan M. Hackworth
Chief Financial Officer & Senior Vice President

Norman Gerald Sheridan
Senior Vice President-Engineering

Richard A. Firehammer
Secretary, Senior Vice President & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UEIC Stock - Frequently Asked Questions

Should I buy or sell Universal Electronics stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Electronics in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UEIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UEIC, but not buy additional shares or sell existing shares.
View UEIC analyst ratings or view top-rated stocks.
What is Universal Electronics' stock price forecast for 2023?: 3 Wall Street research analysts have issued 12 month price targets for Universal Electronics' shares. Their UEIC share price forecasts range from $16.00 to $29.00. On average, they predict the company's share price to reach $21.67 in the next year. This suggests a possible upside of 148.5% from the stock's current price.
View analysts price targets for UEIC or view top-rated stocks among Wall Street analysts.
How have UEIC shares performed in 2023?: Universal Electronics' stock was trading at $20.81 at the beginning of the year. Since then, UEIC stock has decreased by 58.1% and is now trading at $8.72.
View the best growth stocks for 2023 here.
When is Universal Electronics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our UEIC earnings forecast.
How were Universal Electronics' earnings last quarter?: Universal Electronics Inc. (NASDAQ:UEIC) released its quarterly earnings data on Thursday, May, 4th. The technology company reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of ($0.63) by $0.33. The technology company had revenue of $108.38 million for the quarter, compared to the consensus estimate of $100.56 million. Universal Electronics had a negative trailing twelve-month return on equity of 3.55% and a negative net margin of 11.19%.
What ETFs hold Universal Electronics' stock?: ETFs with the largest weight of Universal Electronics (NASDAQ:UEIC) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS).SPDR S&P Kensho Intelligent Structures ETF (SIMS).
What guidance has Universal Electronics issued on next quarter's earnings?: Universal Electronics updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of -$0.25--$0.15 for the period, compared to the consensus estimate of -$0.02. The company issued revenue guidance of $105.00 million-$115.00 million, compared to the consensus revenue estimate of $108.89 million.
What is Paul D. Arling's approval rating as Universal Electronics' CEO?: 39 employees have rated Universal Electronics Chief Executive Officer Paul D. Arling on Glassdoor.com. Paul D. Arling has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Universal Electronics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Electronics investors own include Advanced Micro Devices (AMD), AmerisourceBergen (ABC), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Walgreens Boots Alliance (WBA), Weyerhaeuser (WY), Agilent Technologies (A), AbbVie (ABBV), NXP Semiconductors (NXPI) and Vivint Solar (VSLR).
What is Universal Electronics' stock symbol?: Universal Electronics trades on the NASDAQ under the ticker symbol "UEIC."
Who are Universal Electronics' major shareholders?: Universal Electronics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.56%), Dimensional Fund Advisors LP (5.46%), William Blair Investment Management LLC (4.47%), Ameriprise Financial Inc. (4.39%), Lapides Asset Management LLC (3.63%) and State Street Corp (2.10%). Insiders that own company stock include Bryan M Hackworth, Edward K Zinser, Romulo Pontual, Satjiv S Chahil and William C Mulligan.
View institutional ownership trends.
How do I buy shares of Universal Electronics?: Shares of UEIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Universal Electronics' stock price today?: One share of UEIC stock can currently be purchased for approximately $8.72.
How much money does Universal Electronics make?: Universal Electronics (NASDAQ:UEIC) has a market capitalization of $112.14 million and generates $542.75 million in revenue each year. The technology company earns $410,000.00 in net income (profit) each year or ($4.55) on an earnings per share basis.
How many employees does Universal Electronics have?: The company employs 4,658 workers across the globe.
How can I contact Universal Electronics?: Universal Electronics' mailing address is 15147 N. Scottsdale Road Suite H300, Scottsdale AZ, 85254. The official website for the company is www.uei.com. The technology company can be reached via phone at (480) 530-3000, via email at uei@lhai.com, or via fax at 714-918-4100.

This page (NASDAQ:UEIC) was last updated on 6/10/2023 by MarketBeat.com Staff

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