UFP Technologies, Inc. (UFPT) Releases Earnings Results, Misses Estimates By $0.13 EPS
UFP Technologies, Inc. (NASDAQ:UFPT) announced its quarterly earnings results on Thursday. The industrial products company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.13), Bloomberg Earnings reports. UFP Technologies had a net margin of 5.43% and a return on equity of 6.90%. The firm had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million.
UFP Technologies (UFPT) traded down $2.75 during midday trading on Friday, reaching $27.35. The company had a trading volume of 16,385 shares, compared to its average volume of 16,118. The firm has a market cap of $198.41, a price-to-earnings ratio of 25.05 and a beta of 0.18.
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Separately, Zacks Investment Research cut UFP Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th.
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.
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