Ultimate Products (LON:ULTP) Releases Quarterly Earnings Results

Ultimate Products (LON:ULTP) issued its earnings results 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 Stock Up 3.2 %

ULTP traded up GBX 2.30 ($0.03) during trading on Thursday, hitting GBX 74.20 ($0.96). 94,480 shares of the company’s stock were exchanged, compared to its average volume of 166,095. The stock has a market cap of £62.97 million, a P/E ratio of 6.09 and a beta of 1.39. The business’s 50 day moving average is GBX 87.73 and its two-hundred day moving average is GBX 113.72. Ultimate Products has a fifty-two week low of GBX 71 ($0.91) and a fifty-two week high of GBX 185.50 ($2.39).

Ultimate Products Cuts Dividend

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

Analyst Ratings Changes

ULTP has been the subject of several recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 ($1.67) price objective on shares of Ultimate Products in a research note on Tuesday. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a research report on Tuesday.

Ultimate Products Company Profile

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.