UFP Technologies, Inc. (NASDAQ:UFPT) Set to Announce Quarterly Earnings on Monday
UFP Technologies, Inc. (NASDAQ:UFPT) is scheduled to be issuing its quarterly earnings data on Monday, July 31st. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Wednesday, May 3rd. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. UFP Technologies had a net margin of 6.10% and a return on equity of 6.73%. The firm had revenue of $37.05 million for the quarter, compared to analyst estimates of $36.20 million. On average, analysts expect UFP Technologies to post $1.39 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
Shares of UFP Technologies, Inc. (NASDAQ:UFPT) opened at 27.35 on Monday. The firm has a 50-day moving average of $27.78 and a 200-day moving average of $25.97. UFP Technologies, Inc. has a 12 month low of $22.31 and a 12 month high of $28.55. The firm has a market cap of $197.77 million, a price-to-earnings ratio of 21.90 and a beta of 0.18.
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UFPT has been the topic of a number of research analyst reports. TheStreet raised shares of UFP Technologies from a “c+” rating to a “b” rating in a report on Monday, May 1st. Zacks Investment Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th.
In other news, insider R Jeffrey Bailly sold 31,359 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $26.62, for a total value of $834,776.58. Following the transaction, the insider now owns 613,183 shares of the company’s stock, valued at approximately $16,322,931.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.30% of the stock is owned by corporate insiders.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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