Zotefoams (LON:ZTF) Announces Earnings Results

Zotefoams (LON:ZTF) posted its quarterly earnings data on Tuesday. The company reported GBX 38 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Zotefoams had a net margin of 0.46% and a return on equity of 0.63%.

Zotefoams Stock Up 3.2%

ZTF stock opened at GBX 387 on Tuesday. The stock has a market cap of £188.57 million, a P/E ratio of 336.52, a P/E/G ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.67 and a debt-to-equity ratio of 31.63. The stock’s fifty day simple moving average is GBX 411.59 and its two-hundred day simple moving average is GBX 406.34. Zotefoams has a 1-year low of GBX 222 and a 1-year high of GBX 479.88.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZTF shares. Berenberg Bank raised their price target on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Canaccord Genuity Group upped their price objective on shares of Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Zotefoams currently has an average rating of “Buy” and an average price target of GBX 593.33.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.