UFP Technologies (NASDAQ:UFPT) Posts Quarterly Earnings Results, Beats Estimates By $0.39 EPS

UFP Technologies (NASDAQ:UFPT) released its earnings results on Tuesday. The industrial products company reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.39, FiscalAI reports. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The business had revenue of $172.43 million for the quarter, compared to the consensus estimate of $166.89 million.

UFP Technologies Stock Down 1.3%

Shares of UFPT stock traded down $3.65 on Tuesday, reaching $280.32. 152,336 shares of the company’s stock traded hands, compared to its average volume of 180,212. The company has a market capitalization of $2.17 billion, a P/E ratio of 30.21 and a beta of 1.09. UFP Technologies has a 12-month low of $173.86 and a 12-month high of $338.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The business’s 50 day moving average price is $291.23 and its two-hundred day moving average price is $250.04.

Analysts Set New Price Targets

Several equities research analysts recently commented on UFPT shares. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia Feldmann sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Symeria Hudson sold 298 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total value of $95,094.78. Following the sale, the director owned 927 shares of the company’s stock, valued at $295,814.97. The trade was a 24.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,919 shares of company stock valued at $8,173,084 in the last 90 days. Insiders own 4.59% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a designer and manufacturer of engineered components, assemblies and packaging solutions, with a primary focus on the medical device and healthcare markets. The company works with original equipment manufacturers and other customers to develop products used in surgical, orthopedic, diagnostic, wound-care and other medical applications.

Its capabilities include converting and fabricating advanced materials such as foams, films, laminates, textiles and composites, as well as molding plastics and producing complex assembled products.