VIZIO (NYSE:VZIO – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07), Briefing.com reports. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The company had revenue of $353.90 million during the quarter, compared to analyst estimates of $373.95 million. The company’s revenue for the quarter was down .8% on a year-over-year basis.
VIZIO Price Performance
Shares of NYSE VZIO traded down $0.11 during trading hours on Thursday, hitting $10.37. 2,962,695 shares of the company’s stock were exchanged, compared to its average volume of 2,676,447. The company’s 50-day moving average price is $10.87 and its 200-day moving average price is $8.58. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.28. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 69.47, a PEG ratio of 2.11 and a beta of 2.08.
Insider Buying and Selling at VIZIO
In related news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the completion of the transaction, the director now directly owns 2,536,542 shares in the company, valued at approximately $25,137,131.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 45.06% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on VZIO
VIZIO Company Profile
VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.
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