Ultimate Products (LON:ULTP) Issues Quarterly Earnings Results

Ultimate Products (LON:ULTP) announced its quarterly earnings data on Tuesday. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%.

Ultimate Products Trading Up 0.0 %

LON ULTP opened at GBX 71.83 ($0.93) on Wednesday. Ultimate Products has a 1 year low of GBX 71 ($0.92) and a 1 year high of GBX 185.50 ($2.40). The company has a fifty day simple moving average of GBX 88.38 and a 200 day simple moving average of GBX 114.02. The company has a market cap of £60.95 million, a P/E ratio of 5.89 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were paid a GBX 4.93 ($0.06) dividend. This represents a dividend yield of 3.47%. This is a boost from Ultimate Products’s previous dividend of $2.45. The ex-dividend date of this dividend was Thursday, January 2nd. Ultimate Products’s payout ratio is presently 57.44%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULTP shares. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 ($1.68) price objective on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Company Profile

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.