UFP Technologies, Inc. to Post Q1 2017 Earnings of $0.23 Per Share, Taglich Brothers Forecasts (UFPT)
UFP Technologies, Inc. (NASDAQ:UFPT) – Investment analysts at Taglich Brothers reduced their Q1 2017 earnings per share (EPS) estimates for shares of UFP Technologies in a note issued to investors on Thursday. Taglich Brothers analyst J. Nobile now expects that the brokerage will earn $0.23 per share for the quarter, down from their prior forecast of $0.28. Taglich Brothers also issued estimates for UFP Technologies’ Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.72 EPS.
Separately, Zacks Investment Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 25th.
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UFP Technologies (NASDAQ:UFPT) opened at 25.55 on Monday. UFP Technologies has a 1-year low of $20.40 and a 1-year high of $27.50. The stock has a market cap of $184.50 million, a P/E ratio of 23.23 and a beta of 0.52. The company’s 50-day moving average price is $24.54 and its 200-day moving average price is $25.42.
UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Thursday, March 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. UFP Technologies had a return on equity of 6.67% and a net margin of 5.68%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFPT. Two Sigma Investments LP raised its position in UFP Technologies by 68.4% in the fourth quarter. Two Sigma Investments LP now owns 23,609 shares of the company’s stock worth $601,000 after buying an additional 9,586 shares during the last quarter. GSA Capital Partners LLP raised its position in UFP Technologies by 4.8% in the fourth quarter. GSA Capital Partners LLP now owns 38,919 shares of the company’s stock worth $990,000 after buying an additional 1,800 shares during the last quarter. Renaissance Technologies LLC raised its position in UFP Technologies by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 531,100 shares of the company’s stock worth $13,516,000 after buying an additional 3,800 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UFP Technologies by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 103,814 shares of the company’s stock worth $2,642,000 after buying an additional 23,351 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in UFP Technologies during the fourth quarter worth $429,000. 68.43% of the stock is currently owned by institutional investors.
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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