VOXX International Corporation (VOXX) Releases Quarterly Earnings Results, Misses Estimates By $0.73 EPS
VOXX International Corporation (NASDAQ:VOXX) posted its quarterly earnings results on Tuesday. The auto parts company reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.73), Briefing.com reports. VOXX International Corporation had a net margin of 3.10% and a negative return on equity of 3.86%. The business had revenue of $113.50 million during the quarter, compared to analyst estimates of $163.00 million. During the same period last year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis.
VOXX International Corporation (VOXX) opened at 6.70 on Thursday. The stock has a 50 day moving average of $8.11 and a 200 day moving average of $6.97. The firm has a market capitalization of $161.87 million, a price-to-earnings ratio of 29.13 and a beta of 0.91. VOXX International Corporation has a 12-month low of $3.30 and a 12-month high of $9.00.
Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in shares of VOXX International Corporation in the 2nd quarter worth about $129,000. California State Teachers Retirement System bought a new stake in shares of VOXX International Corporation in the 2nd quarter worth about $291,000. Finally, State Street Corp grew its holdings in shares of VOXX International Corporation by 1,731.7% in the 2nd quarter. State Street Corp now owns 230,760 shares of the auto parts company’s stock worth $1,893,000 after purchasing an additional 218,162 shares during the last quarter. 59.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of VOXX International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Cowen and Company reaffirmed a “hold” rating and issued a $7.00 price target on shares of VOXX International Corporation in a report on Friday, July 14th.
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VOXX International Corporation Company Profile
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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