Clock Is Ticking On Incipio's Offer To Skullcandy, Board Advises Shareholders To Take It

Skullcandy Inc's (NASDAQ: SKUL) Board continues to recommend that shareholders accept Incipio's offer and tender shares. The offer expires on August 17.

DA Davidson reiterated its Neutral rating and $6.10 price target on the stock.

For the second quarter, Skullcandy reported revenue and EPS of $57.3 million and $(0.05), compared to consensus expectations of $56.7 million and $(0.04).

The brokerage expects 2016 and 2017 revenue and EPS of $283.1 million and $0.24, and $305.8 million and $0.29, respectively.

At time of writing, shares of Skullcandy were up 0.32 percent to $6.21.