Q4 2016 EPS Estimates for Parametric Sound Corp. (HEAR) Reduced by Analyst
Parametric Sound Corp. (NASDAQ:HEAR) – Equities research analysts at Wedbush dropped their Q4 2016 earnings per share estimates for shares of Parametric Sound Corp. in a research note issued on Friday. Wedbush analyst N. Mckay now forecasts that the firm will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.21. Wedbush also issued estimates for Parametric Sound Corp.’s Q4 2017 earnings at $0.28 EPS.
Parametric Sound Corp. (NASDAQ:HEAR) last released its earnings results on Thursday, November 10th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Parametric Sound Corp. had a negative net margin of 82.75% and a negative return on equity of 62.79%. The company had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.37 million.
A number of other research firms have also recently issued reports on HEAR. B. Riley reaffirmed a “buy” rating and issued a $2.00 price target on shares of Parametric Sound Corp. in a report on Monday. Zacks Investment Research cut shares of Parametric Sound Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Parametric Sound Corp. has a consensus rating of “Hold” and an average price target of $1.63.
Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.58 on Monday. The stock’s market cap is $77.78 million. Parametric Sound Corp. has a 1-year low of $0.83 and a 1-year high of $2.59. The company’s 50 day moving average is $1.34 and its 200-day moving average is $1.10.
In other news, insider Frederick J. Romano sold 85,700 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $1.06, for a total value of $90,842.00. Following the sale, the insider now owns 5,062,465 shares in the company, valued at $5,366,212.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederick J. Romano sold 144,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $1.33, for a total transaction of $191,520.00. Following the completion of the sale, the insider now owns 4,819,000 shares in the company, valued at approximately $6,409,270. The disclosure for this sale can be found here. 74.00% of the stock is currently owned by company insiders.
Parametric Sound Corp. Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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