Ultimate Products (LON:ULTP) Releases Earnings Results

Ultimate Products (LON:ULTP) posted its quarterly earnings data 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 Trading Up 3.8 %

LON ULTP traded up GBX 2.70 ($0.03) during trading on Thursday, hitting GBX 74.60 ($0.96). 42,775 shares of the company traded hands, compared to its average volume of 165,247. The company has a market capitalization of £63.30 million, a P/E ratio of 6.12 and a beta of 1.39. The business has a fifty day simple moving average of GBX 87.73 and a 200 day simple moving average of GBX 113.72. Ultimate Products has a 12 month low of GBX 71 ($0.91) and a 12 month high of GBX 185.50 ($2.39).

Ultimate Products Cuts Dividend

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

Analyst Upgrades and Downgrades

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