Universal Electronics Q2 adjusted EPS rises despite lower sales amid workforce reduction
UEIC•Analyst view
The one available analyst rating on the shares is "hold".
The average consensus recommendation for the household electronics peer group is "hold".
Wall Street's median 12-month price target for Universal Electronics Inc is $5.00, about 5% above its August 5 closing price of $4.76.
Dividend, leadership change and outlook
The company declared a $0.24 per share special dividend and named Wade Jenke as CEO.
Universal Electronics reiterated its fiscal 2026 adjusted non-GAAP diluted EPS guidance of $0.45 to $0.65.
Q2 revenue falls while adjusted EPS rises
Universal Electronics Inc reported second-quarter revenue of $73.24 million, down sharply year over year, as lower connected home and entertainment sales weighed on results.
Adjusted EPS for the quarter rose year over year to $0.34, compared with the consensus estimate of $0.03 from one analyst, as operating expenses declined significantly.
