Filtronic (LON:FTC) Announces Quarterly Earnings Results

Filtronic (LON:FTC) posted its quarterly earnings data on Tuesday. The company reported GBX 2.07 EPS for the quarter, Digital Look Earnings reports. Filtronic had a return on equity of 26.93% and a net margin of 17.80%.

Filtronic Stock Up 4.5%

FTC stock opened at GBX 243.50 on Wednesday. Filtronic has a 52 week low of GBX 114 and a 52 week high of GBX 480. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. The firm has a 50-day simple moving average of GBX 298.45 and a 200-day simple moving average of GBX 258.16. The stock has a market capitalization of £535.56 million, a P/E ratio of 58.67 and a beta of 1.03.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 440 target price on shares of Filtronic in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic presently has an average rating of “Buy” and an average price target of GBX 440.

About Filtronic

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.