Ultimate Products (LON:ULTP) Announces Quarterly Earnings Results

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

Ultimate Products Price Performance

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

Ultimate Products Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 ($1.67) target price on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Company Profile

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.