Filtronic (LON:FTC) Announces Quarterly Earnings Results

Filtronic (LON:FTC) posted its quarterly earnings data on Tuesday. The company reported GBX 1.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Filtronic had a net margin of 12.35% and a return on equity of 24.34%.

Filtronic Price Performance

Shares of FTC opened at GBX 184.85 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The business’s fifty day moving average is GBX 162.64 and its 200 day moving average is GBX 145.79. The stock has a market cap of £406.56 million, a P/E ratio of 30.55 and a beta of 0.87. Filtronic has a 12-month low of GBX 72 and a 12-month high of GBX 197.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Filtronic has an average rating of “Buy” and a consensus price target of GBX 213.

About Filtronic

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.