Ultimate Products (LON:ULTP) Releases Quarterly Earnings Results

Ultimate Products (LON:ULTP) posted its quarterly earnings data on Tuesday. The company reported GBX 2.70 EPS for the quarter, Digital Look Earnings reports. Ultimate Products had a return on equity of 12.14% and a net margin of 3.87%.

Ultimate Products Trading Up 2.2%

ULTP opened at GBX 47 on Wednesday. The firm’s 50 day simple moving average is GBX 52.16 and its two-hundred day simple moving average is GBX 57.57. The company has a market capitalization of £39.21 million, a PE ratio of 7.01 and a beta of 0.56. Ultimate Products has a 1-year low of GBX 41.80 and a 1-year high of GBX 79.

Insider Activity at Ultimate Products

In other news, insider Chris Dent sold 9,749 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 53, for a total value of £5,166.97. 43.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 80 target price on shares of Ultimate Products in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 80.

About Ultimate Products

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.