Wall Street brokerages expect Zagg Inc (NASDAQ:ZAGG) to post $0.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Zagg’s earnings, with estimates ranging from $0.68 to $0.79. Zagg reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year over year growth rate of 1,012.5%. The business is expected to report its next earnings report on Tuesday, March 6th.

On average, analysts expect that Zagg will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.04. For the next year, analysts expect that the firm will post earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.47. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Zagg.

Several brokerages have commented on ZAGG. ValuEngine upgraded Zagg from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Zagg from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Zagg from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. B. Riley set a $20.00 price objective on shares of Zagg and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Craig Hallum set a $24.00 price objective on shares of Zagg and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Zagg has an average rating of “Buy” and an average price target of $18.83.

In other news, CEO Randall L. Hales sold 19,829 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $19.85, for a total value of $393,605.65. Following the sale, the chief executive officer now owns 713,380 shares in the company, valued at $14,160,593. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Gotham Asset Management LLC acquired a new stake in Zagg during the second quarter worth $100,000. SG Americas Securities LLC acquired a new stake in Zagg during the fourth quarter worth $108,000. Voya Investment Management LLC boosted its stake in Zagg by 18.2% during the second quarter. Voya Investment Management LLC now owns 17,709 shares of the specialty retailer’s stock worth $153,000 after buying an additional 2,730 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Zagg during the second quarter worth $169,000. Finally, IFC Holdings Incorporated FL acquired a new stake in Zagg during the fourth quarter worth $229,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Shares of Zagg (NASDAQ:ZAGG) traded up $0.20 during mid-day trading on Thursday, reaching $15.80. The company’s stock had a trading volume of 491,723 shares, compared to its average volume of 670,051. Zagg has a one year low of $5.90 and a one year high of $23.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.68 and a current ratio of 1.12. The firm has a market capitalization of $436.41, a P/E ratio of 157.50, a PEG ratio of 2.31 and a beta of 0.88.

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About Zagg

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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