Intertape Polymer Group (ITPOF) Announces Quarterly Earnings Results

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Intertape Polymer Group (OTCMKTS:ITPOF) announced its earnings results on Thursday. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04), MarketWatch Earnings reports. The company had revenue of $279.06 million for the quarter. Intertape Polymer Group had a net margin of 6.93% and a return on equity of 22.16%.

OTCMKTS ITPOF traded down $0.63 during midday trading on Friday, hitting $13.46. 418 shares of the company traded hands, compared to its average volume of 598. The company has a current ratio of 2.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $792.27 million, a PE ratio of 13.89 and a beta of 1.43. Intertape Polymer Group has a 52 week low of $12.70 and a 52 week high of $18.15.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.106 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.42 annualized dividend and a yield of 3.15%.

Separately, ValuEngine raised Intertape Polymer Group from a “sell” rating to a “hold” rating in a research report on Friday, September 7th.

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Intertape Polymer Group Company Profile

Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.

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Earnings History for Intertape Polymer Group (OTCMKTS:ITPOF)

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