Ultimate Products (LON:ULTP) Releases Quarterly Earnings Results

Ultimate Products (LON:ULTP) posted its quarterly earnings data on Tuesday. The company reported GBX 4.30 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of £144.91 million for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%.

Ultimate Products Stock Up 2.4%

Shares of LON:ULTP opened at GBX 46.10 on Tuesday. The firm’s 50 day moving average price is GBX 49.43 and its 200 day moving average price is GBX 49.43. The stock has a market cap of £38.46 million, a price-to-earnings ratio of 10.24 and a beta of 0.60. Ultimate Products has a fifty-two week low of GBX 40.30 and a fifty-two week high of GBX 65.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 target price on shares of Ultimate Products in a report on Tuesday. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Ultimate Products presently has an average rating of “Buy” and an average price target of GBX 75.

Insider Transactions at Ultimate Products

In other Ultimate Products news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total transaction of £2,632.50. 43.17% of the stock is owned by corporate insiders.

About Ultimate Products

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.