Ultimate Products (LON:ULTP) Issues Earnings Results

Ultimate Products (LON:ULTP) issued its earnings results on Tuesday. The company reported GBX 4.30 ($0.06) earnings per share for the quarter, Digital Look Earnings reports. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%.

Ultimate Products Stock Up 1.6 %

ULTP stock opened at GBX 72.54 ($0.94) on Tuesday. The stock’s 50 day moving average is GBX 89.05 and its two-hundred day moving average is GBX 114.53. Ultimate Products has a 52-week low of GBX 71 ($0.92) and a 52-week high of GBX 185.50 ($2.40). The company has a market capitalization of £61.56 million, a PE ratio of 5.95 and a beta of 1.39.

Ultimate Products Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were issued a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 3.47%. This is an increase from Ultimate Products’s previous dividend of $2.45. Ultimate Products’s dividend payout ratio is currently 57.44%.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.