Universal Electronics (NASDAQ:UEIC – Get Free Report) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.450-0.650 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.75.
Get Our Latest Research Report on Universal Electronics
Universal Electronics Price Performance
Universal Electronics (NASDAQ:UEIC – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. The firm had revenue of $73.24 million for the quarter, compared to analyst estimates of $78.13 million. Universal Electronics had a negative net margin of 5.54% and a positive return on equity of 0.41%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.
Institutional Investors Weigh In On Universal Electronics
A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC lifted its position in shares of Universal Electronics by 62.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after buying an additional 12,526 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after acquiring an additional 4,893 shares during the last quarter. Empowered Funds LLC raised its stake in Universal Electronics by 8.4% during the first quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock worth $299,000 after acquiring an additional 3,802 shares in the last quarter. Kent Lake PR LLC raised its stake in Universal Electronics by 17.2% during the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock worth $8,345,000 after acquiring an additional 185,014 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Universal Electronics by 23.2% in the second quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.
About Universal Electronics
Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.
In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.
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