UFP Technologies (NASDAQ:UFPT) Announces Earnings Results, Beats Estimates By $0.39 EPS

UFP Technologies (NASDAQ:UFPT) announced its quarterly earnings data on Tuesday. The industrial products company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.39, FiscalAI reports. The firm had revenue of $172.43 million for the quarter, compared to analyst estimates of $166.89 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.

UFP Technologies Trading Down 1.3%

Shares of UFP Technologies stock opened at $280.32 on Wednesday. The company has a 50-day moving average of $290.73 and a two-hundred day moving average of $250.14. UFP Technologies has a 12-month low of $173.86 and a 12-month high of $338.71. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.17 billion, a PE ratio of 27.76 and a beta of 1.09.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of recent analyst reports. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UFP Technologies in a research note on Tuesday. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, UFP Technologies currently has an average rating of “Hold”.

Insider Transactions at UFP Technologies

In related news, Chairman R. Bailly sold 10,682 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66. Following the sale, the chairman directly owned 18,024 shares in the company, valued at $5,742,987.12. The trade was a 37.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. The trade was a 18.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,919 shares of company stock worth $8,173,084. Corporate insiders own 4.59% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a designer and manufacturer of engineered components, assemblies and packaging solutions, with a primary focus on the medical device and healthcare markets. The company works with original equipment manufacturers and other customers to develop products used in surgical, orthopedic, diagnostic, wound-care and other medical applications.

Its capabilities include converting and fabricating advanced materials such as foams, films, laminates, textiles and composites, as well as molding plastics and producing complex assembled products.