Ultra Electronics (LON:ULE) issued its quarterly earnings results on Thursday. The company reported GBX 54.70 ($0.67) earnings per share for the quarter, topping the consensus estimate of GBX 49.70 ($0.61) by GBX 5 ($0.06), Digital Look Earnings reports.
LON:ULE opened at GBX 2,382 ($29.31) on Friday. Ultra Electronics has a 1-year low of GBX 19.80 ($0.24) and a 1-year high of GBX 2,346 ($28.87). The company has a current ratio of 1.81, a quick ratio of 1.31 and a debt-to-equity ratio of 55.04. The firm has a fifty day simple moving average of GBX 2,059.94 and a 200 day simple moving average of GBX 2,023.29. The stock has a market capitalization of $1.69 billion and a PE ratio of 22.71.
The company also recently announced a dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, August 27th will be paid a GBX 54.60 ($0.67) dividend. The ex-dividend date is Thursday, August 27th. This is a boost from Ultra Electronics’s previous dividend of $39.20. This represents a dividend yield of 2.28%. Ultra Electronics’s dividend payout ratio (DPR) is currently 0.51%.
Several equities analysts have recently weighed in on ULE shares. Barclays decreased their price target on shares of Ultra Electronics from GBX 2,000 ($24.61) to GBX 1,800 ($22.15) and set an “equal weight” rating for the company in a research note on Friday, May 15th. Goldman Sachs Group decreased their price target on shares of Ultra Electronics from GBX 1,840 ($22.64) to GBX 1,770 ($21.78) and set a “sell” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group raised their price target on shares of Ultra Electronics from GBX 2,000 ($24.61) to GBX 2,100 ($25.84) and gave the stock a “hold” rating in a research note on Friday, June 12th. Peel Hunt reaffirmed a “buy” rating on shares of Ultra Electronics in a research note on Thursday. Finally, Berenberg Bank raised their target price on shares of Ultra Electronics from GBX 2,300 ($28.30) to GBX 2,600 ($32.00) and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,245.71 ($27.64).
In other Ultra Electronics news, insider Tony Rice purchased 5,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of GBX 2,052 ($25.25) per share, with a total value of £102,600 ($126,261.38).
Ultra Electronics Company Profile
Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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