Universal Electronics - UEIC Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Electronics in the last year. 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.
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3 brokerages have issued 1-year target prices for Universal Electronics' shares. Their UEIC share price forecasts range from $16.00 to $29.00. On average, they expect the company's stock price to reach $21.67 in the next twelve months. This suggests a possible upside of 133.0% from the stock's current price.
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Universal Electronics' stock was trading at $20.81 at the beginning of the year. Since then, UEIC stock has decreased by 55.3% and is now trading at $9.30.
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Universal Electronics saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 172,400 shares, an increase of 49.9% from the February 13th total of 115,000 shares. Based on an average trading volume of 90,200 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our UEIC earnings forecast.

Universal Electronics Inc. (NASDAQ:UEIC) issued its quarterly earnings data on Wednesday, February, 17th. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.18. The technology company earned $156.26 million during the quarter, compared to the consensus estimate of $150.61 million. Universal Electronics had a trailing twelve-month return on equity of 0.15% and a net margin of 0.07%.

ETFs with the largest weight of Universal Electronics (NASDAQ:UEIC) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Kensho Intelligent Structures ETF (SIMS) and Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).

Universal Electronics issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of -$0.38--$0.28 for the period, compared to the consensus EPS estimate of $0.45. The company issued revenue guidance of $100.00 million-$110.00 million, compared to the consensus revenue estimate of $132.87 million.

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.

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).

Universal Electronics trades on the NASDAQ under the ticker symbol "UEIC."

Universal Electronics' stock is owned by many different institutional and retail investors. Top institutional shareholders include Eagle Asset Management Inc. (8.42%), Dimensional Fund Advisors LP (5.96%), The Manufacturers Life Insurance Company (5.58%), William Blair Investment Management LLC (4.51%), Peregrine Capital Management LLC (2.19%) and Lapides Asset Management LLC (2.01%). Insiders that own company stock include Bryan M Hackworth, Edward K Zinser, Richard A Firehammer, Jr, Satjiv S Chahil and William C Mulligan.
View institutional ownership trends.

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.
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One share of UEIC stock can currently be purchased for approximately $9.30.

Universal Electronics (NASDAQ:UEIC) has a market capitalization of $118.85 million and generates $542.75 million in revenue each year. The technology company earns $410,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

The company employs 4,658 workers across the globe.

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.