Wall Street analysts expect Zagg Inc (NASDAQ:ZAGG) to announce $0.42 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Zagg’s earnings. Zagg reported earnings per share of $0.51 in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that Zagg will report full year earnings of $0.85 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.90 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Zagg.

Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Tuesday, August 6th. The specialty retailer reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $106.80 million during the quarter, compared to the consensus estimate of $105.41 million. Zagg had a net margin of 1.86% and a return on equity of 9.82%. Zagg’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS.

ZAGG has been the topic of a number of research reports. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Craig Hallum decreased their price target on Zagg from $17.50 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, ValuEngine raised Zagg from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of ZAGG traded up $0.08 on Monday, reaching $6.55. 23,673 shares of the stock traded hands, compared to its average volume of 883,456. The firm has a market cap of $188.15 million, a price-to-earnings ratio of 4.51, a P/E/G ratio of 0.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.99. Zagg has a 12 month low of $5.26 and a 12 month high of $16.10. The stock’s 50-day moving average price is $6.12 and its 200-day moving average price is $7.66.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Zagg by 5.8% in the second quarter. BlackRock Inc. now owns 2,518,883 shares of the specialty retailer’s stock worth $17,530,000 after purchasing an additional 137,381 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Zagg by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,896,725 shares of the specialty retailer’s stock worth $18,549,000 after purchasing an additional 11,077 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Zagg by 14.2% in the second quarter. Wasatch Advisors Inc. now owns 1,455,051 shares of the specialty retailer’s stock worth $10,127,000 after purchasing an additional 180,447 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Zagg by 26.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 990,493 shares of the specialty retailer’s stock worth $6,894,000 after purchasing an additional 205,173 shares in the last quarter. Finally, Roumell Asset Management LLC boosted its stake in Zagg by 470.5% in the second quarter. Roumell Asset Management LLC now owns 904,867 shares of the specialty retailer’s stock worth $6,298,000 after purchasing an additional 746,268 shares in the last quarter. 81.40% of the stock is currently owned by institutional investors.

Zagg Company Profile

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.

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Earnings History and Estimates for Zagg (NASDAQ:ZAGG)

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