Zotefoams (LON:ZTF) Releases Quarterly Earnings Results

Zotefoams (LON:ZTF) issued its quarterly earnings results on Tuesday. The company reported GBX 25.95 ($0.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Zotefoams Stock Down 3.7 %

Shares of ZTF stock traded down GBX 11 ($0.14) on Thursday, reaching GBX 287 ($3.73). 143,289 shares of the company’s stock traded hands, compared to its average volume of 127,213. Zotefoams has a 12-month low of GBX 255 ($3.32) and a 12-month high of GBX 595.20 ($7.74). The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30. The company has a market capitalization of £138.04 million, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The business’s 50 day moving average price is GBX 290.58 and its two-hundred day moving average price is GBX 343.29.

Zotefoams Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 5.10 ($0.07) per share. This is an increase from Zotefoams’s previous dividend of $2.38. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 1.92%. Zotefoams’s payout ratio is currently 33.89%.

Insider Activity at Zotefoams

In other news, insider Ronan Cox acquired 3,204 shares of Zotefoams stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of GBX 310 ($4.03) per share, with a total value of £9,932.40 ($12,921.04). Insiders own 18.96% of the company’s stock.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.