Filtronic (LON:FTC) Announces Quarterly Earnings Results

Filtronic (LON:FTC) released its quarterly earnings data on Tuesday. The company reported GBX 1.20 earnings per share for the quarter, Digital Look Earnings reports. Filtronic had a return on equity of 24.34% and a net margin of 12.35%.

Filtronic Trading Up 4.6%

Shares of FTC stock opened at GBX 194.50 on Wednesday. The stock has a market capitalization of £427.79 million, a P/E ratio of 32.15 and a beta of 0.87. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The firm’s 50 day moving average is GBX 163.82 and its 200 day moving average is GBX 145.95. Filtronic has a 12-month low of GBX 72 and a 12-month high of GBX 197.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 target price on shares of Filtronic in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 213.

Filtronic Company Profile

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.