Utah Medical Products (NASDAQ:UTMD) Releases Quarterly Earnings Results

Utah Medical Products (NASDAQ:UTMD) posted its quarterly earnings results on Thursday. The medical instruments supplier reported $0.88 earnings per share for the quarter, Zacks reports. Utah Medical Products had a net margin of 29.04% and a return on equity of 8.74%.

Utah Medical Products Stock Up 0.1%

NASDAQ:UTMD traded up $0.10 on Thursday, reaching $74.81. The company’s stock had a trading volume of 36,588 shares, compared to its average volume of 36,423. The firm has a market cap of $237.91 million, a price-to-earnings ratio of 22.81 and a beta of 0.38. Utah Medical Products has a 12-month low of $53.66 and a 12-month high of $76.89. The stock has a 50 day moving average price of $72.91 and a 200 day moving average price of $69.57.

Utah Medical Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 17th were given a $0.31 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Utah Medical Products’s payout ratio is currently 37.80%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Utah Medical Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Utah Medical Products presently has a consensus rating of “Hold”.

Utah Medical Products Company Profile

Utah Medical Products, Inc (NASDAQ: UTMD) develops, manufactures and markets disposable medical devices used in hospital and clinical settings. The company focuses primarily on products for obstetrics, gynecology, neonatal care, electrosurgery and related surgical procedures.

Its product portfolio includes fetal monitoring electrodes and catheters, intrauterine pressure catheters, uterine manipulators, cervical dilators, neonatal respiratory products, electrosurgical instruments, grounding pads, biopsy devices and other specialized disposable instruments.