Skullcandy Inc. (SKUL)

[chmcnfunds]

Roth Capital Assumes Coverage on Skullcandy (SKUL)
Posted by Tyrone Williams on Jun 23rd, 2012

Research analysts at Roth Capital assumed coverage on shares of Skullcandy (NASDAQ: SKUL) in a report released on Thursday. The firm set a “buy” rating on the stock.

Shares of Skullcandy traded up 1.24% during mid-day trading on Thursday, hitting $13.10. Skullcandy has a 52 week low of $11.79 and a 52 week high of $23.40. The company has a market cap of $358.1 million and a P/E ratio of 17.68.

Skullcandy last announced its earnings results on Wednesday, May 2nd. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company’s quarterly revenue was up 48.1% on a year-over-year basis. On average, analysts predict that Skullcandy will post $0.28 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Skullcandy in a research note to investors on Friday, May 4th. Analysts at Northland Securities initiated coverage on shares of Skullcandy in a research note to investors on Wednesday, April 11th. They set an “outperform” rating and a $23.00 price target on the stock.

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.
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