Intertape Polymer Group (ITPOF) Issues Earnings Results
Intertape Polymer Group (OTCMKTS:ITPOF) announced its quarterly earnings data on Thursday. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04), MarketWatch Earnings reports. The company had revenue of $279.06 million for the quarter. Intertape Polymer Group had a net margin of 6.93% and a return on equity of 22.16%.
OTCMKTS:ITPOF traded down $0.63 during trading hours on Friday, reaching $13.46. 418 shares of the company traded hands, compared to its average volume of 598. The stock has a market capitalization of $792.27 million, a price-to-earnings ratio of 13.89 and a beta of 1.43. Intertape Polymer Group has a 1 year low of $12.70 and a 1 year high of $18.15. The company has a current ratio of 2.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.12.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.106 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, December 13th.
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About Intertape Polymer Group
Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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