UFP Technologies, Inc. (UFPT) Announces Earnings Results, Misses Expectations By $0.13 EPS
UFP Technologies, Inc. (NASDAQ:UFPT) posted its earnings results on Thursday. The industrial products company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.13), Bloomberg Earnings reports. UFP Technologies had a net margin of 5.43% and a return on equity of 6.90%. The firm had revenue of $35.68 million for the quarter, compared to analysts’ expectations of $38.70 million.
UFP Technologies (NASDAQ:UFPT) traded down $2.75 during trading hours on Friday, hitting $27.35. 16,385 shares of the stock were exchanged, compared to its average volume of 16,118. The stock has a market cap of $198.41, a price-to-earnings ratio of 25.05 and a beta of 0.18.
Separately, Zacks Investment Research cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd.
UFP Technologies Company Profile
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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