Parametric Sound Corp. (HEAR) Forecasted to Earn Q4 2016 Earnings of $0.14 Per Share
Parametric Sound Corp. (NASDAQ:HEAR) – Equities research analysts at B. Riley boosted their Q4 2016 earnings per share estimates for shares of Parametric Sound Corp. in a report released on Friday. B. Riley analyst E. Wold now forecasts that the brokerage will earn $0.14 per share for the quarter, up from their previous estimate of $0.13. B. Riley has a “Buy” rating and a $2.00 price objective on the stock. B. Riley also issued estimates for Parametric Sound Corp.’s Q4 2017 earnings at $0.24 EPS.
Separately, Zacks Investment Research lowered Parametric Sound Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Parametric Sound Corp. currently has a consensus rating of “Buy” and a consensus price target of $1.73.
Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.49 on Monday. The firm’s market capitalization is $73.35 million. The company has a 50 day moving average price of $1.35 and a 200-day moving average price of $1.10. Parametric Sound Corp. has a one year low of $0.83 and a one year high of $2.59.
Parametric Sound Corp. (NASDAQ:HEAR) last issued its earnings results on Thursday, November 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.06. The business had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.37 million. Parametric Sound Corp. had a negative return on equity of 62.79% and a negative net margin of 82.75%.
In other Parametric Sound Corp. news, major shareholder Carmine J. Bonanno sold 24,900 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $1.04, for a total transaction of $25,896.00. Following the transaction, the insider now owns 4,100,059 shares of the company’s stock, valued at approximately $4,264,061.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frederick J. Romano sold 85,700 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $1.06, for a total value of $90,842.00. Following the transaction, the insider now directly owns 5,062,465 shares in the company, valued at approximately $5,366,212.90. The disclosure for this sale can be found here. Company insiders own 74.00% of the company’s stock.
About Parametric Sound Corp.
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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