Ultimate Products (LON:ULTP) Posts Earnings Results

Ultimate Products (LON:ULTP) issued its quarterly earnings results on Tuesday. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%.

Ultimate Products Stock Performance

Shares of ULTP stock opened at GBX 73.80 ($0.95) on Thursday. Ultimate Products has a fifty-two week low of GBX 71 ($0.91) and a fifty-two week high of GBX 185.50 ($2.39). The stock’s fifty day moving average price is GBX 87.73 and its two-hundred day moving average price is GBX 113.72. The company has a market cap of £62.63 million, a PE ratio of 6.06 and a beta of 1.39.

Ultimate Products Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be paid a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 29th. Ultimate Products’s payout ratio is presently 57.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ULTP. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 ($1.67) target price on shares of Ultimate Products in a research report on Tuesday. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Company Profile

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.