Ultimate Products (LON:ULTP) Posts Earnings Results

Ultimate Products (LON:ULTP) posted its earnings results on Tuesday. The company reported GBX 6.80 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 Down 0.7%

LON:ULTP opened at GBX 62.53 on Thursday. Ultimate Products has a 52 week low of GBX 43.80 and a 52 week high of GBX 142. The company has a fifty day simple moving average of GBX 62.44 and a two-hundred day simple moving average of GBX 64.06. The company has a market cap of £52.43 million, a price-to-earnings ratio of 7.72 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ULTP shares. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 80 target price on shares of Ultimate Products in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 80.

Ultimate Products Company Profile

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.