Imperial Capital initiated coverage on VOXX Intl with a new price target
$VOXX
Electronic Components
Technology
Imperial Capital initiated coverage of VOXX Intl with a rating of Outperform and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2022 | $10.00 | Outperform → In-line | Imperial Capital |
| 11/4/2021 | $15.00 | Outperform | Imperial Capital |
| 6/30/2021 | $21.00 | Buy | DA Davidson |
Commenting on the Company's first quarter results, Pat Lavelle, Chief Executive Officer stated, "During the first quarter, we took aggressive steps to improve gross margins and lower both our operating expenses and working capital needs. While our sales were down for the comparable periods, gross margins improved in our Automotive and Consumer segments, and we reduced year-over-year expenses by over 16%. The retail environment remains challenging, interest rates are high, and inflation is still a major concern. With market pressures expected to continue, we have instituted various restructuring programs to right size our business. We are equally focused on reducing our debt and freeing up ca
VOXX International (NASDAQ:VOXX) reported quarterly losses of $(0.40) per share. This is a 11.11 percent increase over losses of $(0.45) per share from the same period last year. The company reported quarterly sales of $91.66 million which missed the analyst consensus estimate of $111.95 million by 18.12 percent. This is a 18.11 percent decrease over sales of $111.93 million the same period last year.
Gainers Sacks Parente Golf (NASDAQ:SPGC) shares rose 10.9% to $0.61 during Monday's after-market session. The company's market cap stands at $8.9 million. U Power (NASDAQ:UCAR) shares moved upwards by 6.47% to $5.59. The market value of their outstanding shares is at $13.7 million. Visionary Holdings (NASDAQ:GV) stock rose 4.87% to $3.66. The market value of their outstanding shares is at $12.6 million. Vroom (NASDAQ:VRM) shares rose 4.46% to $10.29. The company's market cap stands at $18.6 million. E-Home Household Service (NASDAQ:EJH) shares increased by 3.24% to $0.57. The market value of their outstanding shares is at $10.1 million. VOXX International (NASDAQ:VOXX) stock increased
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Sales through the first half of Fiscal 2025 declined ~18%, gross margin increased 120 basis points and operating expenses improved by over 15%Company sells its domestic accessory business and select, non-core assets for ~$28 million and completes Florida real estate sale transaction in Fiscal 2025 third quarter for $20 millionRestructuring programs generating anticipated savings, and are expected to have a positive impact on Fiscal 2025 second half resultsOver $50 million in debt reduction since year-end, bringing total debt to under $20 million as of today, with total net debt under $15 millionCompany continues to execute on its restructuring plan and strengthen its balance sheet, while pur
ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2025 second quarter and six month results for the period ended August 31, 2024, on Thursday, October 10, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Friday, October 11, 2024 at 10:00 a.m. Eastern. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporati
VOXX will continue to operate as VOXX Accessories Corp. ("VAC") to ensure business continuity ORLANDO, Fla., Aug. 8, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), today announced that it has entered into an Asset Purchase Agreement (the "Agreement") to sell certain assets, including the Company's iconic RCA® trademarks and other intellectual property, to Established Inc. The total value of the transaction is expected to be approximately $25 million, and the companies anticipate the deal will close on or before August 30, 2024. Under the agreement, VOXX Accessories Corp. will continue to operate the business while working with customers and partners in the normal course o
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Imperial Capital downgraded VOXX Intl from Outperform to In-line and set a new price target of $10.00
Imperial Capital initiated coverage of VOXX Intl with a rating of Outperform and set a new price target of $15.00
DA Davidson initiated coverage of VOXX International with a rating of Buy and set a new price target of $21.00
Pat Lavelle and Announces the Appointment of Loriann Shelton as Chief Financial Officer ORLANDO, Fla., Oct. 2, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has extended the employment agreement of Chief Executive Officer Pat Lavelle through February 28, 2025. The Company also disclosed upcoming changes to its executive leadership and board of directors which will take effect on March 1, 2024, the start of Fiscal Year 2025. The Company is pleased to announce that Loriann Shelton, who currently serves as Senior Vice President and Chief Operating
ORLANDO, Fla., Feb. 7, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that Beat Kahli, Co-Vice Chairman of the Board and VOXX's largest shareholder, has been appointed President. "I've known Beat for years and it truly is a major win to bring someone of his caliber to VOXX. He has been invaluable to the Board and to me personally since his initial investment and continues to become more involved in our strategy and operations. I welcome him to this new role, as do the members of our team, and together, we look forward to unlocking the value we know is pre
Sales through the first half of Fiscal 2025 declined ~18%, gross margin increased 120 basis points and operating expenses improved by over 15%Company sells its domestic accessory business and select, non-core assets for ~$28 million and completes Florida real estate sale transaction in Fiscal 2025 third quarter for $20 millionRestructuring programs generating anticipated savings, and are expected to have a positive impact on Fiscal 2025 second half resultsOver $50 million in debt reduction since year-end, bringing total debt to under $20 million as of today, with total net debt under $15 millionCompany continues to execute on its restructuring plan and strengthen its balance sheet, while pur
ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2025 second quarter and six month results for the period ended August 31, 2024, on Thursday, October 10, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Friday, October 11, 2024 at 10:00 a.m. Eastern. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporati
Company continues to execute on its restructuring plan, pay down debt, and strengthen its balance sheet as part of its concerted effort to improve operations and maximize shareholder value ORLANDO, Fla., Sept. 5, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), today announced that it has successfully closed the previously announced transaction with Talisman Brands Inc./Established, Inc. to sell its domestic accessories business for total consideration of approximately $25.0 million. The transaction closed on August 31, 2024 and included the Company's RCA® trademarks, other intellectual property, and inventory. To ensure seamless continuity for all VOXX Accessories Corp. cu