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VOXX International Corporation (NASDAQ:VOXX), through its subsidiaries, operates as a distributor in the accessory, mobile, and consumer electronics industries in the United States and internationally. The company also operates as an original equipment manufacturer.

It is scheduled to report its Q1 2013 results on July 11, 2012, before the market opens. In this article I will recap the historical results of the company, latest EPS estimates vs. surprises, latest developments and closest competitors' development.

Technical Overview


The stock has a market capitalization of $211.54M and is currently trading at $9.04 with a 52 week range of $4.69 - $14.56. The stock performance year to date: 6.98%. It is currently trading below 20, 50 and 200 SMA.

Key Metrics

  • Trailing P/E: 8.22
  • Forward P/E: 5.72
  • Price/Sales: 0.30
  • Price/Book: 0.50
  • PEG Ratio: 0.91
  • Total Debt: 43.65M
  • Annual dividend yield: N/A
  • Return on Equity: 6.30%
  • Return on Assets: 5.18%

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last three quarters. In the last quarter it reported $0.46 EPS, beating analyst estimates of $0.16.

The consensus EPS is $0.10 based on 3 analysts' estimates. Revenue estimates are $207.83M. The median target price by analysts for the stock is $17.00.

Average recommendation: Buy

Source: Marketwatch

Latest Developments

  • On May 15, 2012, VOXX International Corporation announced that for fiscal 2013, it expects $900 million in sales and $62 million to $65 million in EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $922 million and EBITDA of $67 million in EBITDA for fiscal 2013.
  • On February 9, 2012, VOXX International Corporation announced that it has entered into a definitive agreement to acquire Car Communication Holding GmbH and its worldwide subsidiaries (Hirschmann ) for total consideration of EUR 85 million, subject to certain contingencies and adjustments, plus related transaction fees and expenses.

Competitors

VOXX International Corporation operates in Electronics Wholesale industry. The company could be compared to Mad Catz Interactive Inc. (NYSEMKT:MCZ), Emerson Radio Corp. (NYSEMKT:MSN), Skullcandy, Inc. (NASDAQ:SKUL), and Universal Electronics Inc. (NASDAQ:UEIC). Below is the table comparison of the most important ratios between these companies and the industry.

Below is the chart comparison with the stock price changes as a percentage for the selected companies and S&P 500 index for the last one year period.

(click to enlarge)VOXX Chart

VOXX data by YCharts

Competitors' Latest Development

  • On June 19, 2012, Skullcandy Inc reaffirmed fiscal 2012 guidance and expects net sales in the range of $280 million to $300 million and adjusted diluted earnings per share (EPS) in the range of $1.10 to $1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $297 million and EPS of $1.17 for fiscal 2012.
  • On May 3, 2012, Universal Electronics, Inc. (UEI) announced that for the second quarter of 2012, it expects net sales to range between $113.0 million and $119.0 million, and Adjusted pro forma earnings per diluted share to range from $0.33 to $0.43. For fiscal 2012, the Company expects net sales to range between $465.0 million and $485.0 million and Adjusted pro forma earnings per diluted share for 2012 are expected to range from $1.55 to $1.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $125.4 million and EPS of $0.41 for the second quarter of 2012; and revenue of $504 million and EPS of $1.75 for fiscal 2012.
  • On May 2, 2012, Skullcandy Inc announced that for fiscal 2012, it expects net sales in the range of $280 million to $300 million and adjusted diluted earnings per share in the range of $1.10 to $1.20. The expected adjusted diluted earnings per share excludes $0.4 million of after-tax expenses related to the Monster litigation.
  • On March 5, 2012, Skullcandy Inc announced that Mitch Edwards, Chief Financial Officer (NASDAQ:CFO) and General Counsel, has advised the Company of his decision to resign to pursue other opportunities, including charitable and humanitarian activities.
  • On March 5, 2012, Universal Electronics, Inc. announced it has filed a lawsuit in the United States District Court for the Central District of California against Universal Remote Control, Inc. for patent infringement.
  • On February 23, 2012, Universal Electronics, Inc. (UEI) announced that for the first quarter of 2012, it expects net sales to range between $104 million and $110 million and adjusted pro forma earnings per diluted share to range from $0.19 to $0.25. For fiscal 2012, the Company expects net sales to range between $500 million and $520 million, and adjusted pro forma earnings per diluted share to range from $1.65 to $1.85. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $110 million and EPS of $0.23 for the first quarter of 2012; and revenue of $488 million and EPS of $1.71 for fiscal 2012.
  • On February 22, 2012, Skullcandy Inc announced that for fiscal 2012, it expects net sales to be in the range of $275-$295 million and adjusted diluted earnings per share in the range of $1.10-$1.20. The adjusted diluted earnings per share excludes estimated first quarter legal expenses of approximately $800 thousand related to Monster that will be recorded in the first quarter of 2012.
  • On February 15, 2012, Emerson Radio Corp. announced that it saw a modest increase in net revenues in the third quarter of 2012, which it do not expect to repeat in the fourth quarter of 2012.
  • On January 18, 2012, Mad Catz Interactive Inc announced that it has entered into a PlayStation Accessory Licensing Agreement with SCEJ (Sony Computer Entertainment Japan), a division of Sony Computer Entertainment Inc. The agreement permits Mad Catz to manufacture and distribute products designed for use with the PlayStation3 computer entertainment system and the PlayStationVita portable entertainment system throughout Japan.
  • On January 10, 2012, Skullcandy Inc reiterated net sales and earnings guidance for fiscal 2011. The Company expects fiscal 2011 net sales to increase 44% to approximately $231.0 million and diluted earnings per share of approximately $0.78. Diluted EPS for fiscal 2011 will include $3.6 million of one-time after-tax expenses recorded in the third quarter.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Earnings Preview: VOXX International Corporation