Zotefoams (LON:ZTF) Issues Earnings Results

Zotefoams (LON:ZTF) announced its earnings results on Tuesday. The company reported GBX 25.95 ($0.34) EPS for the quarter, Digital Look Earnings reports. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Zotefoams Trading Up 2.9 %

Shares of Zotefoams stock opened at GBX 273.80 ($3.56) on Wednesday. The firm’s 50 day simple moving average is GBX 290.38 and its two-hundred day simple moving average is GBX 343.61. The firm has a market capitalization of £131.69 million, a price-to-earnings ratio of 13.26, a PEG ratio of 0.66 and a beta of 1.40. Zotefoams has a 12-month low of GBX 255 ($3.32) and a 12-month high of GBX 595.20 ($7.74). The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07.

Zotefoams Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 1st will be given a GBX 5.10 ($0.07) dividend. This is a positive change from Zotefoams’s previous dividend of $2.38. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, May 1st. Zotefoams’s dividend payout ratio (DPR) is presently 33.89%.

Insider Transactions at Zotefoams

In other news, insider Ronan Cox bought 3,204 shares of Zotefoams stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of GBX 310 ($4.03) per share, for a total transaction of £9,932.40 ($12,912.64). Insiders own 18.96% of the company’s stock.

About Zotefoams

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.