VIZIO (VZIO) Set to Announce Quarterly Earnings on Wednesday

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

VIZIO Price Performance

Shares of VZIO stock opened at $10.55 on Monday. VIZIO has a 12 month low of $4.82 and a 12 month high of $11.28. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 70.33, a PEG ratio of 2.11 and a beta of 2.08. The stock has a 50-day moving average price of $10.89 and a 200 day moving average price of $8.49.

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on VZIO shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research report on Wednesday, February 21st. Craig Hallum restated a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $11.50 price target (up from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. TheStreet raised VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. Finally, Piper Sandler reiterated a “neutral” rating and set a $11.50 target price (down from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, VIZIO has a consensus rating of “Hold” and an average target price of $10.77.

VIZIO Company Profile

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.