Turtle Beach (NASDAQ:TBCH) Issues Quarterly Earnings Results

Turtle Beach (NASDAQ:TBCH - Get Free Report) released its earnings results on Thursday. The company reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by ($0.11), Zacks reports. The firm had revenue of $146.08 million during the quarter, compared to analyst estimates of $154.10 million. Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%.

Turtle Beach Price Performance

Shares of NASDAQ TBCH traded down $0.73 during trading on Friday, hitting $13.56. The company had a trading volume of 831,442 shares, compared to its average volume of 168,093. The stock has a market capitalization of $272.27 million, a P/E ratio of 46.76, a P/E/G ratio of 0.77 and a beta of 2.05. Turtle Beach has a 52 week low of $12.10 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.60 and a current ratio of 1.26.

Wall Street Analysts Forecast Growth

Separately, Wedbush upped their price target on Turtle Beach from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday.

Turtle Beach Company Profile

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.