Filtronic (LON:FTC) Posts Quarterly Earnings Results

Filtronic (LON:FTC) posted its quarterly earnings results on Tuesday. The company reported GBX 1.20 earnings per share for the quarter, Digital Look Earnings reports. Filtronic had a net margin of 12.35% and a return on equity of 24.34%.

Filtronic Price Performance

Shares of FTC stock opened at GBX 194.40 on Thursday. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The stock has a 50 day moving average of GBX 165.11 and a two-hundred day moving average of GBX 146.29. Filtronic has a 12 month low of GBX 72 and a 12 month high of GBX 197. The company has a market capitalization of £427.57 million, a P/E ratio of 32.13 and a beta of 0.87.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 target price on shares of Filtronic in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 213.

About Filtronic

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.