Brokerages expect Zagg Inc (NASDAQ:ZAGG) to announce earnings per share (EPS) of ($0.24) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Zagg’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.15). Zagg posted earnings of $0.24 per share in the same quarter last year, which suggests a negative year over year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Zagg will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.44 to $1.57. For the next fiscal year, analysts forecast that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.48 to $1.59. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Zagg.

Zagg (NASDAQ:ZAGG) last announced its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. Zagg had a net margin of 7.28% and a return on equity of 27.80%. The company had revenue of $166.51 million during the quarter, compared to analysts’ expectations of $163.31 million.

ZAGG has been the subject of several research reports. BidaskClub raised shares of Zagg from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Zacks Investment Research cut shares of Zagg from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. Finally, ValuEngine raised shares of Zagg from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZAGG. BlackRock Inc. grew its stake in shares of Zagg by 11.5% in the 3rd quarter. BlackRock Inc. now owns 2,548,418 shares of the specialty retailer’s stock valued at $37,590,000 after buying an additional 263,141 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Zagg by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,896,725 shares of the specialty retailer’s stock worth $18,549,000 after acquiring an additional 11,077 shares during the last quarter. Tieton Capital Management LLC lifted its holdings in shares of Zagg by 1.0% in the 4th quarter. Tieton Capital Management LLC now owns 452,807 shares of the specialty retailer’s stock worth $4,428,000 after acquiring an additional 4,270 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Zagg by 20.2% in the 4th quarter. American Century Companies Inc. now owns 367,943 shares of the specialty retailer’s stock worth $3,598,000 after acquiring an additional 61,904 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Zagg by 19.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 352,609 shares of the specialty retailer’s stock worth $5,200,000 after acquiring an additional 57,735 shares during the last quarter. 77.36% of the stock is owned by institutional investors.

NASDAQ ZAGG traded up $0.06 during trading hours on Tuesday, hitting $8.79. 253,701 shares of the company’s stock traded hands, compared to its average volume of 345,639. Zagg has a 52-week low of $7.96 and a 52-week high of $19.40. The stock has a market cap of $254.30 million, a PE ratio of 6.10, a P/E/G ratio of 0.78 and a beta of 1.51. The company has a current ratio of 1.68, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

About Zagg

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

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