Zotefoams (LON:ZTF) Releases Quarterly Earnings Results

Zotefoams (LON:ZTF) announced its quarterly earnings results on Tuesday. The company reported GBX 25.95 ($0.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Zotefoams Stock Performance

ZTF stock opened at GBX 288.92 ($3.76) on Thursday. The company has a market capitalization of £138.96 million, a P/E ratio of 13.99, a PEG ratio of 0.66 and a beta of 1.40. The company has a 50-day simple moving average of GBX 290.58 and a 200 day simple moving average of GBX 343.29. Zotefoams has a fifty-two week low of GBX 255 ($3.32) and a fifty-two week high of GBX 595.20 ($7.74). The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 1st will be issued a GBX 5.10 ($0.07) dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 1.92%. This is an increase from Zotefoams’s previous dividend of $2.38. Zotefoams’s dividend payout ratio is presently 33.89%.

Insider Buying and Selling

In other Zotefoams news, insider Ronan Cox purchased 3,204 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of GBX 310 ($4.03) per share, with a total value of £9,932.40 ($12,921.04). Corporate insiders own 18.96% of the company’s stock.

About Zotefoams

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.