Ultimate Products (LON:ULTP) Posts Quarterly Earnings Results

Ultimate Products (LON:ULTP) released its quarterly earnings data on Tuesday. The company reported GBX 4.30 ($0.06) 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 Price Performance

ULTP stock traded up GBX 2.70 ($0.03) during midday trading on Thursday, reaching GBX 74.60 ($0.96). 42,775 shares of the company were exchanged, compared to its average volume of 165,247. Ultimate Products has a one year low of GBX 71 ($0.91) and a one year high of GBX 185.50 ($2.39). The firm has a market capitalization of £63.30 million, a price-to-earnings ratio of 6.12 and a beta of 1.39. The business has a 50-day moving average price of GBX 87.73 and a two-hundred day moving average price of GBX 113.72.

Ultimate Products Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be issued 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 dividend payout ratio is 57.44%.

Wall Street Analysts Forecast Growth

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

About Ultimate Products

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.