Ultimate Products (LON:ULTP - Get Free Report) posted 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 net margin of 6.77% and a return on equity of 21.95%.
Ultimate Products Stock Performance
Ultimate Products stock traded down GBX 0.75 ($0.01) during mid-day trading on Friday, hitting GBX 71.25 ($0.92). 81,413 shares of the company traded hands, compared to its average volume of 164,729. Ultimate Products has a one year low of GBX 70.20 ($0.91) and a one year high of GBX 185.50 ($2.40). The stock has a market cap of £60.46 million, a price-to-earnings ratio of 5.85 and a beta of 1.39. The stock has a fifty day moving average price of GBX 86.37 and a 200-day moving average price of GBX 112.78.
Ultimate Products Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be issued a dividend of GBX 1.55 ($0.02) per share. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 29th. Ultimate Products's payout ratio is 57.44%.
Analyst Ratings Changes
ULTP has been the topic of a number of recent research reports. Shore Capital restated a "house stock" rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group restated a "buy" rating and set a GBX 130 ($1.68) target price on shares of Ultimate Products in a research report on Tuesday.
Read Our Latest Report on ULTP
Ultimate Products Company Profile
(
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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.
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