Filtronic (LON:FTC) Posts Earnings Results

Filtronic (LON:FTC) issued its quarterly earnings data on Tuesday. The company reported GBX 2.07 earnings per share for the quarter, Digital Look Earnings reports. Filtronic had a net margin of 17.80% and a return on equity of 26.93%.

Filtronic Stock Performance

LON:FTC opened at GBX 227.50 on Tuesday. The firm’s 50-day moving average is GBX 301.99 and its 200-day moving average is GBX 257.88. The company has a market cap of £500.37 million, a price-to-earnings ratio of 54.82 and a beta of 1.03. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. Filtronic has a 52-week low of GBX 114 and a 52-week high of GBX 480.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Filtronic in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 440.

Filtronic Company Profile

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.