VOXX International (NASDAQ:VOXX) Issues Earnings Results
VOXX International (NASDAQ:VOXX) issued its quarterly earnings data on Wednesday. The auto parts company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03, RTT News reports. VOXX International had a negative net margin of 10.54% and a negative return on equity of 3.95%. The firm had revenue of $93.45 million for the quarter. During the same period in the prior year, the company earned ($0.74) EPS.
Shares of NASDAQ VOXX opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.51 and a current ratio of 2.59. VOXX International has a 1 year low of $3.41 and a 1 year high of $5.95. The company has a 50-day simple moving average of $3.88.
VOXX International declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 14th that allows the company to repurchase 3,000,000 outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
About VOXX International
VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.
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