Ultimate Products (LON:ULTP – Get Free Report) posted its earnings results on Tuesday. The company reported GBX 4.30 earnings per share for the quarter, Digital Look Earnings reports. Ultimate Products had a net margin of 2.69% and a return on equity of 8.41%. The firm had revenue of £144.91 million for the quarter.
Ultimate Products Stock Performance
Shares of LON:ULTP opened at GBX 46.10 on Tuesday. The firm’s 50 day simple moving average is GBX 49.43 and its 200-day simple moving average is GBX 49.43. Ultimate Products has a one year low of GBX 40.30 and a one year high of GBX 65. The firm has a market cap of £38.46 million, a PE ratio of 10.24 and a beta of 0.60.
Insider Activity
In related news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total value of £2,632.50. Insiders own 43.17% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on ULTP shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 75 price objective on shares of Ultimate Products in a research note on Tuesday. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 75.
Check Out Our Latest Stock Analysis on Ultimate Products
About Ultimate Products
Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.
The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.
Read More
- Five stocks we like better than Ultimate Products
- A Solid Margin Story Means the Sell-Off in DECK May Be Overdone
- Verizon’s Q3 Results Show Why SpaceX’s Spectrum Grab Isn’t a Major Threat
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
Receive News & Ratings for Ultimate Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultimate Products and related companies with MarketBeat.com's FREE daily email newsletter.
