ZAGG Inc (NASDAQ:ZAGG) Expected to Post Earnings of $0.10 Per Share
Equities research analysts expect ZAGG Inc (NASDAQ:ZAGG) to report $0.10 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for ZAGG’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.13. ZAGG posted earnings of $0.11 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, August 1st.
On average, analysts expect that ZAGG will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.82. For the next year, analysts expect that the business will report earnings of $1.10 per share, with EPS estimates ranging from $1.00 to $1.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for ZAGG.
ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The firm had revenue of $92.95 million for the quarter, compared to the consensus estimate of $88.29 million. ZAGG had a positive return on equity of 4.81% and a negative net margin of 4.26%.
ZAGG has been the topic of several research analyst reports. TheStreet upgraded shares of ZAGG from a “d+” rating to a “c-” rating in a research report on Friday, May 5th. Wunderlich reduced their price target on shares of ZAGG from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, May 3rd. Zacks Investment Research cut shares of ZAGG from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Roth Capital set a $8.00 price target on shares of ZAGG and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Finally, Northland Securities set a $10.00 price target on shares of ZAGG and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $9.63.
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A number of large investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of ZAGG by 170.9% in the second quarter. Strs Ohio now owns 61,500 shares of the specialty retailer’s stock worth $531,000 after buying an additional 38,800 shares during the period. Perkins Capital Management Inc. acquired a new stake in shares of ZAGG during the second quarter worth $602,000. Acadian Asset Management LLC boosted its stake in shares of ZAGG by 610.3% in the second quarter. Acadian Asset Management LLC now owns 32,141 shares of the specialty retailer’s stock worth $278,000 after buying an additional 27,616 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of ZAGG by 196.0% in the first quarter. Goldman Sachs Group Inc. now owns 70,159 shares of the specialty retailer’s stock worth $505,000 after buying an additional 46,458 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of ZAGG during the first quarter worth $195,000. Institutional investors and hedge funds own 78.76% of the company’s stock.
ZAGG (ZAGG) opened at 8.75 on Thursday. The firm’s market cap is $244.66 million. ZAGG has a 12 month low of $5.15 and a 12 month high of $9.15. The firm’s 50-day moving average price is $8.59 and its 200-day moving average price is $7.50.
ZAGG Company Profile
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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