UFP Technologies (NASDAQ:UFPT) Releases Quarterly Earnings Results, Beats Estimates By $0.45 EPS

UFP Technologies (NASDAQ:UFPT) posted its quarterly earnings data on Tuesday. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45, Zacks reports. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $265.42 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $257.78 and a 200-day simple moving average of $291.72. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 37.86 and a beta of 1.04. UFP Technologies has a 1-year low of $188.50 and a 1-year high of $366.41.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.