UFP Technologies (NASDAQ:UFPT) Releases Earnings Results, Beats Estimates By $0.42 EPS

UFP Technologies (NASDAQ:UFPT) posted its earnings results on Tuesday. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.42, Zacks reports. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $148.15 million during the quarter, compared to analysts’ expectations of $139.93 million.

UFP Technologies Stock Performance

Shares of UFP Technologies stock opened at $219.67 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $207.97 and its two-hundred day moving average is $251.59. UFP Technologies has a 52 week low of $178.26 and a 52 week high of $366.41. The company has a market capitalization of $1.69 billion, a PE ratio of 31.34 and a beta of 1.10.

Insider Activity at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UFPT has been the topic of a number of research analyst reports. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Raymond James initiated coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a “market perform” rating on the stock. Finally, Lake Street Capital set a $252.00 price target on UFP Technologies and gave the stock a “buy” rating in a research report on Wednesday.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.