UFP Technologies, Inc. (UFPT) Set to Announce Quarterly Earnings on Monday

UFP Technologies, Inc. (NASDAQ:UFPT) will be announcing its earnings results on Monday, July 31st. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. UFP Technologies had a net margin of 6.10% and a return on equity of 6.73%. The business had revenue of $37.05 million for the quarter, compared to analyst estimates of $36.20 million. On average, analysts expect UFP Technologies to post $1.39 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.

UFP Technologies, Inc. (NASDAQ:UFPT) opened at 28.40 on Friday. UFP Technologies, Inc. has a 1-year low of $22.46 and a 1-year high of $28.55. The firm has a market cap of $205.36 million, a price-to-earnings ratio of 22.74 and a beta of 0.18. The company’s 50 day moving average is $27.83 and its 200-day moving average is $26.07.

UFPT has been the topic of several analyst reports. TheStreet upgraded shares of UFP Technologies from a “c+” rating to a “b” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th.

In other UFP Technologies news, insider R Jeffrey Bailly sold 31,359 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $26.62, for a total value of $834,776.58. Following the completion of the sale, the insider now owns 613,183 shares of the company’s stock, valued at $16,322,931.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.30% of the stock is currently owned by corporate insiders.

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UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

Earnings History for UFP Technologies (NASDAQ:UFPT)

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