Ultimate Products (LON:ULTP) Posts Quarterly Earnings Results

Ultimate Products (LON:ULTP – Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 4.30 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of £144.91 million during the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%.

Ultimate Products Trading Up 2.4%

LON:ULTP opened at GBX 46.10 on Tuesday. The company’s 50 day moving average is GBX 49.43 and its two-hundred day moving average is GBX 49.43. Ultimate Products has a twelve month low of GBX 40.30 and a twelve month high of GBX 65. The company has a market cap of £38.46 million, a PE ratio of 10.24 and a beta of 0.60.

Insider Buying and Selling

In related news, insider Chris Dent sold 4,875 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total value of £2,632.50. 43.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Ultimate Products in a research note on Wednesday, August 19th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 75 target price on shares of Ultimate Products in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 75.

Read Our Latest Stock Report on ULTP

Ultimate Products Company Profile

(Get Free Report)

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.

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