UFP Technologies (NASDAQ:UFPT) Posts Earnings Results, Beats Expectations By $0.19 EPS

UFP Technologies (NASDAQ:UFPTGet Rating) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19, MarketWatch Earnings reports. UFP Technologies had a return on equity of 8.56% and a net margin of 7.70%.

UFP Technologies stock opened at $73.00 on Friday. The firm has a market capitalization of $551.88 million, a price-to-earnings ratio of 33.49 and a beta of 0.88. The company’s 50 day simple moving average is $66.96 and its 200 day simple moving average is $68.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.52 and a quick ratio of 1.55. UFP Technologies has a fifty-two week low of $50.03 and a fifty-two week high of $76.01.

Several brokerages have recently commented on UFPT. Colliers Securities reiterated a “buy” rating on shares of UFP Technologies in a research report on Tuesday, March 22nd. StockNews.com began coverage on shares of UFP Technologies in a research report on Thursday, March 31st. They set a “sell” rating for the company. Finally, Zacks Investment Research lowered UFP Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its position in shares of UFP Technologies by 10.0% during the third quarter. Morgan Stanley now owns 6,680 shares of the industrial products company’s stock worth $411,000 after purchasing an additional 609 shares in the last quarter. Invesco Ltd. lifted its holdings in UFP Technologies by 7.2% during the third quarter. Invesco Ltd. now owns 9,855 shares of the industrial products company’s stock worth $607,000 after acquiring an additional 662 shares in the last quarter. Citigroup Inc. grew its stake in UFP Technologies by 112.6% in the fourth quarter. Citigroup Inc. now owns 1,833 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 971 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of UFP Technologies by 188.1% in the third quarter. BNP Paribas Arbitrage SA now owns 1,507 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 984 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UFP Technologies by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,751 shares of the industrial products company’s stock worth $1,318,000 after purchasing an additional 1,489 shares during the period. Institutional investors own 86.06% of the company’s stock.

UFP Technologies Company Profile (Get Rating)

UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

See Also

Earnings History for UFP Technologies (NASDAQ:UFPT)

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