UFP Technologies (NASDAQ:UFPT) Posts Quarterly Earnings Results

UFP Technologies (NASDAQ:UFPT) issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10, MarketWatch Earnings reports. The company had revenue of $47.33 million during the quarter, compared to the consensus estimate of $45.10 million. UFP Technologies had a return on equity of 11.79% and a net margin of 8.35%.

UFP Technologies stock traded up $0.83 during mid-day trading on Friday, reaching $36.92. The stock had a trading volume of 31,146 shares, compared to its average volume of 18,843. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.88 and a current ratio of 2.90. UFP Technologies has a fifty-two week low of $27.80 and a fifty-two week high of $39.98. The stock has a market capitalization of $270.29 million, a PE ratio of 17.58 and a beta of 0.48.

In other UFP Technologies news, VP Mitchell Rock sold 17,099 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $32.94, for a total value of $563,241.06. Following the completion of the sale, the vice president now owns 25,506 shares of the company’s stock, valued at $840,167.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R Jeffrey Bailly sold 6,573 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $38.53, for a total value of $253,257.69. Following the completion of the sale, the insider now directly owns 496,122 shares of the company’s stock, valued at approximately $19,115,580.66. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.

An institutional investor recently raised its position in UFP Technologies stock. Geode Capital Management LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,693 shares of the industrial products company’s stock after buying an additional 3,765 shares during the period. Geode Capital Management LLC owned about 0.90% of UFP Technologies worth $2,003,000 at the end of the most recent quarter. 70.74% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. ValuEngine upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. BidaskClub downgraded UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, May 23rd.

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UFP Technologies Company Profile

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.

Further Reading: Retained Earnings

Earnings History for UFP Technologies (NASDAQ:UFPT)

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