Voxx International Corp. (VOXX) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS
Voxx International Corp. (NASDAQ:VOXX) announced its quarterly earnings data on Tuesday. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.13. The firm earned $159.30 million during the quarter, compared to analyst estimates of $161 million. Voxx International Corp. had a positive return on equity of 0.78% and a negative net margin of 0.93%. Voxx International Corp.’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share.
Voxx International Corp. (NASDAQ:VOXX) remained flat at $2.55 during trading on Tuesday. 415,037 shares of the company traded hands. The firm has a 50 day moving average price of $3.00 and a 200-day moving average price of $3.31. Voxx International Corp. has a 1-year low of $2.47 and a 1-year high of $7.92. The company’s market capitalization is $61.61 million.
In other Voxx International Corp. news, Director Ari Shalam acquired 13,333 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was purchased at an average cost of $2.99 per share, for a total transaction of $39,865.67. Following the completion of the acquisition, the director now owns 7,734 shares of the company’s stock, valued at approximately $23,124.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise W. Gibson acquired 32,100 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average price of $3.13 per share, with a total value of $100,473.00. Following the completion of the acquisition, the director now directly owns 20,400 shares of the company’s stock, valued at approximately $63,852. The disclosure for this purchase can be found here. 17.51% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in Voxx International Corp. during the second quarter worth about $243,000. Guggenheim Capital LLC boosted its stake in Voxx International Corp. by 5.8% in the second quarter. Guggenheim Capital LLC now owns 406,042 shares of the company’s stock worth $1,133,000 after buying an additional 22,429 shares during the period. Spark Investment Management LLC boosted its stake in Voxx International Corp. by 4.2% in the second quarter. Spark Investment Management LLC now owns 140,500 shares of the company’s stock worth $391,000 after buying an additional 5,700 shares during the period. Algert Global LLC boosted its stake in Voxx International Corp. by 37.9% in the second quarter. Algert Global LLC now owns 179,304 shares of the company’s stock worth $500,000 after buying an additional 49,292 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Voxx International Corp. by 13.2% in the second quarter. Ancora Advisors LLC now owns 193,596 shares of the company’s stock worth $540,000 after buying an additional 22,500 shares during the period. Institutional investors own 60.50% of the company’s stock.
Separately, Zacks Investment Research raised Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Wednesday, July 20th.
About Voxx International Corp.
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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