Ultimate Products (LON:ULTP) Announces Quarterly Earnings Results

Ultimate Products (LON:ULTP) announced its earnings results on Tuesday. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%.

Ultimate Products Trading Up 2.6 %

ULTP opened at GBX 73.80 ($0.95) on Thursday. Ultimate Products has a 1 year low of GBX 71 ($0.91) and a 1 year high of GBX 185.50 ($2.39). The stock has a fifty day moving average price of GBX 87.73 and a 200 day moving average price of GBX 113.72. The stock has a market cap of £62.63 million, a price-to-earnings ratio of 6.06 and a beta of 1.39.

Ultimate Products Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be issued a dividend of GBX 1.55 ($0.02) per share. This represents a dividend yield of 2.16%. The ex-dividend date is Thursday, May 29th. Ultimate Products’s dividend payout ratio is currently 57.44%.

Analyst Ratings Changes

A number of research analysts recently commented on ULTP shares. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 ($1.67) target price on shares of Ultimate Products in a research report on Tuesday.

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.