VIZIO (VZIO) Scheduled to Post Earnings on Wednesday

VIZIO (NYSE:VZIO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The company had revenue of $502.60 million during the quarter, compared to analyst estimates of $498.83 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts expect VIZIO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VIZIO Stock Down 1.9 %

Shares of NYSE VZIO opened at $10.60 on Wednesday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 70.67, a price-to-earnings-growth ratio of 2.11 and a beta of 2.13. The company’s 50-day simple moving average is $10.92 and its 200-day simple moving average is $8.38. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TheStreet upgraded VIZIO from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. B. Riley downgraded VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Tuesday, February 20th. Barrington Research cut shares of VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research report on Tuesday, April 16th. Finally, Roth Capital cut shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.77.

Insider Buying and Selling

In other news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total value of $2,973,000.00. Following the transaction, the director now owns 2,536,542 shares of the company’s stock, valued at approximately $25,137,131.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 45.06% of the stock is currently owned by company insiders.

About VIZIO

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.