Zotefoams (LON:ZTF) Announces Earnings Results

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

Zotefoams Trading Down 3.0 %

ZTF opened at GBX 288.92 ($3.76) on Thursday. The firm has a market capitalization of £138.96 million, a P/E ratio of 13.99, a P/E/G ratio of 0.66 and a beta of 1.40. The firm’s 50 day moving average is GBX 290.58 and its 200-day moving average is GBX 343.29. Zotefoams has a 52-week low of GBX 255 ($3.32) and a 52-week high of GBX 595.20 ($7.74). The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams Increases Dividend

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

Insider Activity

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

About Zotefoams

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.