Ultimate Products (LON:ULTP) Announces Earnings Results

Ultimate Products (LON:ULTP) posted 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

Shares of ULTP stock opened at GBX 73.80 ($0.95) on Thursday. The firm has a market cap of £62.63 million, a P/E ratio of 6.06 and a beta of 1.39. The firm’s 50 day moving average price is GBX 87.73 and its 200-day moving average price is GBX 113.72. Ultimate Products has a one year low of GBX 71 ($0.91) and a one year high of GBX 185.50 ($2.39).

Ultimate Products Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.67) target price on shares of Ultimate Products in a research report on Tuesday.

About Ultimate Products

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.