Filtronic (LON:FTC) Announces Quarterly Earnings Results

Filtronic (LON:FTC) released 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 return on equity of 24.34% and a net margin of 12.35%.

Filtronic Stock Performance

Shares of LON FTC opened at GBX 184.85 on Tuesday. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock’s fifty day moving average price is GBX 162.64 and its two-hundred day moving average price is GBX 145.79. Filtronic has a one year low of GBX 72 and a one year high of GBX 197. The firm has a market cap of £406.56 million, a price-to-earnings ratio of 30.55 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 213 price target on shares of Filtronic in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.