UFP Technologies (NASDAQ:UFPT) Issues Quarterly Earnings Results, Beats Estimates By $0.39 EPS

UFP Technologies (NASDAQ:UFPT) announced its quarterly earnings data on Tuesday. The industrial products company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.39, FiscalAI reports. The firm had revenue of $172.43 million for the quarter, compared to analyst estimates of $166.89 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.

UFP Technologies Stock Down 1.3%

NASDAQ UFPT traded down $3.65 during mid-day trading on Tuesday, reaching $280.32. 152,336 shares of the company’s stock traded hands, compared to its average volume of 180,212. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 30.21 and a beta of 1.09. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $291.23 and a 200-day simple moving average of $250.04. UFP Technologies has a 1-year low of $173.86 and a 1-year high of $338.71.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Insider Activity at UFP Technologies

In related news, Director Cynthia Feldmann sold 1,000 shares of UFP Technologies stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman R. Bailly sold 5,013 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31. Following the sale, the chairman directly owned 13,011 shares in the company, valued at approximately $4,135,806.57. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,919 shares of company stock worth $8,173,084 over the last quarter. Company insiders own 4.59% of the company’s stock.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a designer and manufacturer of engineered components, assemblies and packaging solutions, with a primary focus on the medical device and healthcare markets. The company works with original equipment manufacturers and other customers to develop products used in surgical, orthopedic, diagnostic, wound-care and other medical applications.

Its capabilities include converting and fabricating advanced materials such as foams, films, laminates, textiles and composites, as well as molding plastics and producing complex assembled products.