UFP Technologies (NASDAQ:UFPT) Announces Quarterly Earnings Results, Beats Estimates By $0.45 EPS

UFP Technologies (NASDAQ:UFPT) issued its earnings results on Tuesday. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45, Zacks reports. The firm had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $235.95 on Thursday. UFP Technologies has a twelve month low of $188.50 and a twelve month high of $366.41. The firm has a market cap of $1.81 billion, a PE ratio of 33.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The business has a fifty day moving average of $257.87 and a 200-day moving average of $291.01.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.