Utah Medical Products (NASDAQ:UTMD) Announces Quarterly Earnings Results

Utah Medical Products (NASDAQ:UTMD) announced its earnings results on Tuesday. The medical instruments supplier reported $0.86 earnings per share (EPS) for the quarter, Zacks reports. Utah Medical Products had a net margin of 34.62% and a return on equity of 12.10%.

Utah Medical Products Stock Up 0.3 %

Shares of Utah Medical Products stock opened at $61.50 on Thursday. Utah Medical Products has a 52 week low of $60.08 and a 52 week high of $82.69. The company has a market capitalization of $208.47 million, a PE ratio of 14.45 and a beta of 0.09. The stock’s fifty day moving average is $62.78 and its two-hundred day moving average is $65.58.

Utah Medical Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 16th were issued a dividend of $0.305 per share. The ex-dividend date was Monday, December 16th. This represents a $1.22 dividend on an annualized basis and a yield of 1.98%. This is a boost from Utah Medical Products’s previous quarterly dividend of $0.30. Utah Medical Products’s payout ratio is presently 28.57%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th.

About Utah Medical Products

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.