Turtle Beach Corporation (HEAR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Turtle Beach Corporation (NASDAQ:HEAR) posted its quarterly earnings results on Thursday. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.03, Bloomberg Earnings reports. Turtle Beach Corporation had a negative return on equity of 830.32% and a negative net margin of 51.79%. The business had revenue of $19.11 million for the quarter, compared to analyst estimates of $17.54 million.
Shares of Turtle Beach Corporation (HEAR) traded up 1.4627% on Friday, hitting $0.6798. The stock had a trading volume of 173,601 shares. The firm has a 50 day moving average price of $0.73 and a 200-day moving average price of $0.90. The company’s market cap is $33.48 million. Turtle Beach Corporation has a 52 week low of $0.65 and a 52 week high of $2.00.
Several brokerages have weighed in on HEAR. B. Riley reaffirmed a “neutral” rating and issued a $1.30 target price on shares of Turtle Beach Corporation in a research report on Tuesday, May 2nd. Zacks Investment Research lowered Turtle Beach Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 21st.
Turtle Beach Corporation Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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