Filtronic (LON:FTC) Announces Earnings Results

Filtronic (LON:FTC) announced its earnings results on Tuesday. The company reported GBX 2.07 EPS for the quarter, Digital Look Earnings reports. Filtronic had a return on equity of 26.93% and a net margin of 17.80%.

Filtronic Stock Performance

Shares of Filtronic stock opened at GBX 227.50 on Tuesday. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13. The firm has a 50 day simple moving average of GBX 301.99 and a 200 day simple moving average of GBX 257.88. Filtronic has a fifty-two week low of GBX 114 and a fifty-two week high of GBX 480. The firm has a market cap of £500.37 million, a P/E ratio of 54.82 and a beta of 1.03.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Filtronic in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Filtronic presently has a consensus rating of “Buy” and an average target price of GBX 440.

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.