Zagg Inc. (NASDAQ:ZAGG) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 1st. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Zagg (NASDAQ:ZAGG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.14. The business had revenue of $99.80 million for the quarter, compared to analyst estimates of $93.07 million. Zagg had a net margin of 1.42% and a return on equity of 8.43%. The business’s quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts expect Zagg to post $0.45 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Zagg Inc. (NASDAQ:ZAGG) opened at 6.75 on Friday. The company’s 50 day moving average is $7.63 and its 200 day moving average is $6.82. The firm has a market cap of $189.83 million, a price-to-earnings ratio of 43.27 and a beta of 1.69. Zagg Inc. has a 12-month low of $4.71 and a 12-month high of $12.74.
ZAGG has been the topic of a number of recent analyst reports. Roth Capital boosted their price target on shares of Zagg from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, July 14th. Zacks Investment Research upgraded shares of Zagg from a “sell” rating to a “hold” rating in a report on Thursday, August 4th.
Large investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. raised its stake in Zagg by 6.8% in the second quarter. KCG Holdings Inc. now owns 26,546 shares of the company’s stock worth $139,000 after buying an additional 1,685 shares in the last quarter. Rhumbline Advisers raised its position in Zagg by 11.1% in the second quarter. Rhumbline Advisers now owns 30,540 shares of the company’s stock valued at $160,000 after buying an additional 3,060 shares in the last quarter. BlackRock Inc. raised its position in Zagg by 1,610.5% in the second quarter. BlackRock Inc. now owns 30,600 shares of the company’s stock valued at $161,000 after buying an additional 28,811 shares in the last quarter. Menta Capital LLC bought a new position in Zagg during the second quarter valued at $273,000. Finally, Trexquant Investment LP bought a new position in Zagg during the second quarter valued at $551,000. Institutional investors and hedge funds own 77.68% of the company’s stock.