Last $51.42 USD
Change Today -0.96 / -1.83%
Volume 170.2K
UEIC On Other Exchanges
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

universal electronics inc (UEIC) Snapshot

Open
$52.58
Previous Close
$52.38
Day High
$52.96
Day Low
$51.30
52 Week High
09/4/14 - $56.16
52 Week Low
09/23/13 - $32.07
Market Cap
807.3M
Average Volume 10 Days
129.2K
EPS TTM
$1.78
Shares Outstanding
15.7M
EX-Date
--
P/E TM
28.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNIVERSAL ELECTRONICS INC (UEIC)

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universal electronics inc (UEIC) Details

Universal Electronics Inc. develops and manufactures pre-programmed universal wireless remote control products, audio-video accessories, and software for home entertainment systems. The company offers universal infrared and radio frequency remote controls; integrated circuits on which software and universal device control database is embedded; software, firmware, and technology solutions, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to deliver digital entertainment and information; and audio-video accessories, as well as licenses intellectual property, including its patented technologies, trademarks, and database of home connectivity software and infrared codes. The company sells its products directly, as well as through distributors in Europe, Australia, New Zealand, South Africa, the Middle East, Mexico, Asia, and Latin America under the One For All and Nevo brands. It serves cable and satellite television service providers; software development companies; subscription broadcasting providers; original equipment manufacturers; and retail, private label, and personal computing companies. Universal Electronics Inc. was founded in 1986 and is headquartered in Santa Ana, California.

1,831 Employees
Last Reported Date: 03/12/14
Founded in 1986

universal electronics inc (UEIC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $565.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $330.0K
Senior Vice President, Secretary and General ...
Total Annual Compensation: $377.0K
Managing Director of Ue Bv and Executive Vice...
Total Annual Compensation: $345.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2013.

universal electronics inc (UEIC) Key Developments

Universal Electronics Releases QuickSet for RDK and ZigBee ZRC 2.0

Universal Electronics Inc. announced the latest release of its universal setup and control SDK, QuickSet(R). QuickSet now provides a turnkey, automated setup and control experience for Reference Design Kit (RDK) set-top box platforms utilizing the capabilities of ZigBee RF4CE ZRC 2.0. QuickSet is a mature and widely deployed technology already in over 100 million devices around the world including set-top boxes, connected TVs, media devices, game consoles, smartphones, and tablets. QuickSet delivers the simplest and most intuitive universal remote control setup and control experience available. This technology enables a universal remote control to be set up and programmed to control virtually any television or entertainment device in the home, with minimal or no user input. Now QuickSet takes advantage of the RDK and the latest ZigBee RF4CE ZRC 2.0 protocol to deliver a standards-based application for the cable industry. QuickSet for RDK is an RDK compliant application that delivers a host of features optimized to simplify the user experience and puts the service provider's universal remote at the center of the home entertainment experience. Features include: Automated device setup using HDMI-based connections to automatically identify the device brand and model number of connected devices without requiring user input. Automated device detection and IR control of IP connected AV devices. Optimized setup maps that deliver a consumer-friendly user interface to determine the exact control code for the system with minimal user interaction. A cloud-based service to ensure access to a real-time device code database that is continuously updated with the latest control codes for the newest devices on the market, making the universal control interface easy to set up and future proof. QuickSet is currently deployed on a variety of platforms and operating systems including Linux, Android, iOS and Windows. It supports embedded applications that have built-in IR blasters; devices that support two-way RF communication with remote IR blasters, such as connected bridges; as well as traditional hand-held remote controls with built-in RF. UEI's device code database is the device database for universal entertainment control, giving users access to literally hundreds of thousands of control functions for virtually all digital entertainment electronics devices in the world. ZigBee RF4CE ZRC 2.0 release is the latest standard from the ZigBee Alliance and includes a range of new features. With this release, ZigBee offers a comprehensive standard for creating the optimal entertainment control experience. Native support for advanced applications, such as the widely adopted QuickSet, enables easy feature integration and wider support across platforms. RDK is a pre-integrated software bundle that provides a common framework for powering customer-premises equipment (CPE) from TV service providers, including set-top boxes, gateways, and converged devices. It was created to accelerate the deployment of next-gen video products and services. The RDK is supported by more than 160 licensees, and is administered by the RDK Management LLC, a joint venture between Comcast Cable, Time Warner Cable, and Liberty Global. UEI will demonstrate the full complement of QuickSet features at their Stand 1.C41 Hall 1 RAI Amsterdam, at IBC2014 starting 12 September, 2014.

Universal Electronics Mulls Acquisitions

Universal Electronics Inc. (NasdaqGS:UEIC) is seeking acquisitions. Universal Electronics said, "Our strategic business objectives for 2014 include seeking acquisitions or strategic partners that complement and strengthen our existing business."

Universal Electronics Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Universal Electronics Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $146.3 million compared to $136.1 million reported in the same period last year. Operating income was $14.5 million, compared to $12.5 million reported last year. Income before provision for income taxes of $11.3 million against $8.05 million reported last year. Net income was $10.6 million, or $0.66 per diluted share, compared to $8.1 million, or $0.53 per diluted share reported last year. Adjusted pro forma basis, operating income was $14.5 million compared to $12.5 million reported last year. Adjusted net income was $10.6 million or $0.66 per diluted share compared to $8.1 million or $0.53 per diluted share reported last year. Adjusted income before provision for income taxes was $14.05 million against $10.9 million a year ago. For the six months, the company reported net sales of $276.2 million compared to $250.8 million reported in the same period last year. Operating income was $23.2 million, compared to $18.9 million reported last year. Net income was $17.0 million, or $1.05 per diluted share, compared to $12.9 million, or $0.84 per diluted share reported last year. Income before provision for income taxes of $16.9 million against $11.7 million reported last year. Net cash provided by operating activities was $28.8 million against $7.9 million reported last year. Acquisition of property, plant, and equipment was $7.7 million against $4.7 million reported last year. Acquisition of intangible assets was $0.7 million against $0.7 million reported last year. Adjusted pro forma basis, operating income was $23.2 million compared to $18.9 million reported last year. Adjusted net income was $17 million or $1.05 per diluted share compared to $12.9 million or $0.84 per diluted share reported last year. Adjusted income before provision for income taxes was $22.5 million against $16.7 million a year ago. For the third quarter of 2014, the company expects net sales to range between $149.0 million and $157.0 million, compared to $142.4 million in the third quarter of 2013. Adjusted pro forma earnings per diluted share for the third quarter of 2014 are expected to range from $0.70 to $0.80, compared to adjusted pro forma earnings per diluted share of $0.68 in the third quarter of 2013, which has been adjusted to reflect the exclusion of stock-based compensation expense.

 

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Industry Analysis

UEIC

Industry Average

Valuation UEIC Industry Range
Price/Earnings 30.6x
Price/Sales 1.5x
Price/Book 2.7x
Price/Cash Flow 30.0x
TEV/Sales 1.3x
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