VOXX International (VOXX) Posts Quarterly Earnings Results
VOXX International (NASDAQ:VOXX) issued its quarterly earnings data on Tuesday. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.21, RTT News reports. The company had revenue of $156.60 million for the quarter, compared to analyst estimates of $151.00 million. VOXX International had a negative return on equity of 3.77% and a net margin of 3.10%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share.
VOXX International (VOXX) opened at $6.50 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. VOXX International has a twelve month low of $4.05 and a twelve month high of $9.00. The stock has a market capitalization of $132.67, a PE ratio of -12.04 and a beta of 0.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of VOXX International during the second quarter worth about $129,000. California State Teachers Retirement System purchased a new position in shares of VOXX International during the second quarter worth about $291,000. Finally, State Street Corp grew its holdings in shares of VOXX International by 1,731.7% during the second quarter. State Street Corp now owns 230,760 shares of the auto parts company’s stock worth $1,893,000 after buying an additional 218,162 shares during the last quarter. 62.29% of the stock is currently owned by hedge funds and other institutional investors.
VOXX has been the topic of several research reports. Zacks Investment Research raised VOXX International from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 13th. TheStreet lowered VOXX International from a “c-” rating to a “d+” rating in a report on Tuesday, October 24th.
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About VOXX International
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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