Filtronic (LON:FTC) Announces Earnings Results

Filtronic (LON:FTC) announced its quarterly earnings data on Tuesday. The company reported GBX 2.07 earnings per share for the quarter, Digital Look Earnings reports. Filtronic had a net margin of 8.21% and a return on equity of 11.47%.

Filtronic Stock Performance

Filtronic stock opened at GBX 245 on Thursday. Filtronic has a fifty-two week low of GBX 114 and a fifty-two week high of GBX 480. The stock has a market cap of £538.86 million, a price-to-earnings ratio of 59.04 and a beta of 1.06. The stock’s 50 day simple moving average is GBX 295.51 and its two-hundred day simple moving average is GBX 258.53. The company has a debt-to-equity ratio of 13.80, a quick ratio of 2.13 and a current ratio of 1.89.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 440 target price on shares of Filtronic in a research note on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 440.

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.