Communication Services has been one of the success stories from Wall Street over the past year, as the market has rebounded from the vagaries of 2022. As of February 2024, The Communication Services Select Sector SPDR (XLC) had grown 49.9% year to date, trailing only the broader tech sector.The sector represents companies that provide wired, wireless, satellite, cable, Internet media services, broadcasting and other communication infrastructure, some of the most forward-looking businesses for investors to g ...

SAN DIEGO--(BUSINESS WIRE)--Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR), and Performance Designed Products LLC (PDP) today expanded their line of Nintendo®-licensed accessories with two new Peach-themed products, just in time for the Princess Peach: Showtime! game release on March 22, 2024. The Grand Prix Peach REMATCH GLOW Wireless Controller ($49.99 MSRP) and Grand Prix Peach Travel Case Plus GLOW ($19.99 MSRP) are both officially licensed by Nintendo and feature unique, glow-in ...

Turtle Beach (HEAR) shares ended the last trading session 8.7% higher at $16.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 27.2% gain over the past four weeks.Turtle Beach recently acquired PDP, a premier gaming accessories provider, for an enterprise value of $118 million. The buyout combined the capabilities of two powerhouse organizations well known for their product innovation and impressive growth trajec ...

Turtle Beach (HEAR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors oft ...

Turtle Beach Corporation (HEAR) has made significant waves in the gaming industry with the recent acquisition of PDP, a premier gaming accessories provider, for an enterprise value of $118 million. This strategic move underscores Turtle Beach's commitment to fortifying its position in the gaming peripherals market.The acquisition brings together two powerhouse companies renowned for their innovative products and robust growth trajectories. PDP's expertise in designing and distributing aftermarket gaming acc ...

~18.9M – 19.1M Shares Outstanding, Predicated on Execution Price $80M Total Debt ($30M drawn on ABL, $50M of a new Term Loan) $6.5M Cash on Balance Sheet $390M – $410M NTM Net Revenue $60M – $65M NTM Adjusted EBITDA 1.2x Net Debt / NTM Adjusted EBITDA at close, assuming full exhaustion of the $30M Tender 28 ILLUSTRATIVE PRO FORMA MERGED COMPANY VALUATION EV / NTM Estimated EBITDA Multiples of Publicly Traded Gaming Peers Relative to Turtle Beach 18.9x 'CY23 – CY24E Revenue Growth1: NTM Est. EBITDA Margin1: ...

Turtle Beach Corporation (NASDAQ:HEAR) Q4 2023 Earnings Conference Call March 13, 2024 5:00 PM ET Company Participants Alex Thompson – Gateway Investor Relations Terry Jimenez – Chairman of the Board Cris Keirn – Chief Executive Officer John Hanson – Chief Financial Officer Conference Call Participants Sean McGowan – ROTH Drew Crum – Stifel Jack Codera – Maxim Martin Yang – Opco Operator Hello and thank you for standing by. Welcome to Turtle Beach Fourth Quarter 2023 Conference Call. At this time all parti ...

Turtle Beach (HEAR) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -26.56%. A quarter ago, it was expected that this audio technology company would post a loss of $0.26 per share when it actually produced a loss of $0.21, delivering a surprise of 19.23%.Over the last four quarters, t ...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Turtle Beach Corporation (Nasdaq: HEAR) (“Turtle Beach” or the “Company”), a leading gaming accessories brand, announced today that following the Company's establishment of a Value Enhancement Committee in 2023, the Board of Directors (the “Board”) has approved comprehensive and value-creative changes to its business, capital allocation and senior leadership. In consultation with its financial and legal advisors over the past year, the Company considered a comprehensive ...

Exhibit 99.1 TURTLE BEACH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RESULTS White Plains, NY – March 13, 2024 – Turtle Beach Corporation (Nasdaq: HEAR) ("Turtle Beach" or the "Company"), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2023. drive growth and build on our innovative expansion of gaming categories and products while maintaining our leadership in gaming headsets. With our highly accretive acquisition of PDP ...