VOXX International Corporation (VOXX) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS
VOXX International Corporation (NASDAQ:VOXX) issued its quarterly earnings results on Monday, May 15th. The auto parts company reported $0.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.06, Bloomberg Earnings reports. The business had revenue of $167.39 million for the quarter, compared to the consensus estimate of $174 million. VOXX International Corporation had a return on equity of 1.84% and a net margin of 0.65%. VOXX International Corporation’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.22) earnings per share.
Shares of VOXX International Corporation (NASDAQ VOXX) traded up 0.72% on Friday, hitting $7.00. The stock had a trading volume of 123,002 shares. The firm has a market cap of $169.12 million, a price-to-earnings ratio of 38.89 and a beta of 0.96. VOXX International Corporation has a 12-month low of $2.47 and a 12-month high of $7.40. The stock has a 50 day moving average of $6.45 and a 200 day moving average of $5.20.
Several institutional investors have recently bought and sold shares of VOXX. Dimensional Fund Advisors LP raised its position in VOXX International Corporation by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,847,067 shares of the auto parts company’s stock valued at $9,605,000 after buying an additional 58,069 shares during the last quarter. California Public Employees Retirement System raised its position in VOXX International Corporation by 10.4% in the first quarter. California Public Employees Retirement System now owns 226,700 shares of the auto parts company’s stock valued at $1,179,000 after buying an additional 21,300 shares during the last quarter. Vanguard Group Inc. raised its position in VOXX International Corporation by 1.3% in the first quarter. Vanguard Group Inc. now owns 975,779 shares of the auto parts company’s stock valued at $5,074,000 after buying an additional 12,282 shares during the last quarter. UBS Group AG raised its position in VOXX International Corporation by 45.9% in the first quarter. UBS Group AG now owns 24,853 shares of the auto parts company’s stock valued at $129,000 after buying an additional 7,814 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in VOXX International Corporation by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 27,847 shares of the auto parts company’s stock valued at $144,000 after buying an additional 640 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
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VOXX has been the topic of several research reports. Zacks Investment Research upgraded VOXX International Corporation from a “sell” rating to a “hold” rating in a report on Friday, March 17th. Cowen and Company restated a “market perform” rating and set a $6.00 price objective (up from $4.00) on shares of VOXX International Corporation in a report on Wednesday, May 17th. Finally, TheStreet upgraded VOXX International Corporation from a “d” rating to a “c-” rating in a report on Wednesday, May 17th.
About VOXX International Corporation
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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