Utah Medical Products (NASDAQ:UTMD) Releases Earnings Results

Utah Medical Products (NASDAQ:UTMD) issued its earnings results on Thursday. The medical instruments supplier reported $0.88 EPS for the quarter, Zacks reports. The business had revenue of $8.62 million during the quarter. Utah Medical Products had a return on equity of 8.74% and a net margin of 29.04%.

Utah Medical Products Stock Up 0.5%

NASDAQ:UTMD opened at $75.06 on Friday. The firm has a market capitalization of $238.69 million, a PE ratio of 22.78 and a beta of 0.38. Utah Medical Products has a 12-month low of $53.66 and a 12-month high of $76.89. The firm has a 50-day moving average price of $72.97 and a 200 day moving average price of $69.65.

Utah Medical Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 17th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 17th. Utah Medical Products’s dividend payout ratio is 37.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Utah Medical Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Utah Medical Products presently has a consensus rating of “Hold”.

Utah Medical Products Company Profile

Utah Medical Products, Inc (NASDAQ: UTMD) develops, manufactures and markets disposable medical devices used in hospital and clinical settings. The company focuses primarily on products for obstetrics, gynecology, neonatal care, electrosurgery and related surgical procedures.

Its product portfolio includes fetal monitoring electrodes and catheters, intrauterine pressure catheters, uterine manipulators, cervical dilators, neonatal respiratory products, electrosurgical instruments, grounding pads, biopsy devices and other specialized disposable instruments.