Ultimate Products (LON:ULTP) Posts Quarterly Earnings Results

Ultimate Products (LON:ULTP) issued its 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 net margin of 6.77% and a return on equity of 21.95%.

Ultimate Products Stock Performance

ULTP stock opened at GBX 73.80 ($0.95) on Thursday. Ultimate Products has a 52 week low of GBX 71 ($0.91) and a 52 week high of GBX 185.50 ($2.39). The company has a market capitalization of £62.63 million, a PE ratio of 6.06 and a beta of 1.39. The company’s 50-day simple moving average is GBX 87.73 and its 200 day simple moving average is GBX 113.72.

Ultimate Products Cuts Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on ULTP. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 ($1.67) price target on shares of Ultimate Products in a research report 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.