Analysts Anticipate UFP Technologies, Inc. (UFPT) to Announce $0.50 EPS

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $37.00 for the company and are predicting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 86 out of 255 based on the ratings given to its competitors.

A number of research analysts have commented on UFPT shares. Zacks Investment Research cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.



Shares of UFPT opened at $31.10 on Monday. The company has a quick ratio of 2.35, a current ratio of 3.43 and a debt-to-equity ratio of 0.37. UFP Technologies has a 12-month low of $25.88 and a 12-month high of $34.00. The stock has a market capitalization of $228.53 million, a P/E ratio of 24.88 and a beta of 0.08.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. UFP Technologies had a net margin of 5.74% and a return on equity of 8.23%. The firm had revenue of $37.22 million during the quarter, compared to analyst estimates of $36.00 million. equities research analysts anticipate that UFP Technologies will post 1.78 EPS for the current year.

In other UFP Technologies news, VP W David Smith sold 2,242 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $33.20, for a total value of $74,434.40. Following the transaction, the vice president now owns 19,609 shares of the company’s stock, valued at $651,018.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 6,023 shares of company stock worth $194,358 in the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC lifted its position in shares of UFP Technologies by 41.3% during the first quarter. Ancora Advisors LLC now owns 551,977 shares of the industrial products company’s stock worth $16,283,000 after purchasing an additional 161,336 shares in the last quarter. Cove Street Capital LLC lifted its position in shares of UFP Technologies by 9.6% during the first quarter. Cove Street Capital LLC now owns 671,982 shares of the industrial products company’s stock worth $19,823,000 after purchasing an additional 58,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of UFP Technologies by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 222,278 shares of the industrial products company’s stock worth $6,557,000 after purchasing an additional 31,173 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of UFP Technologies by 9.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 22,796 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of UFP Technologies by 58.4% during the first quarter. Federated Investors Inc. PA now owns 64,238 shares of the industrial products company’s stock worth $1,895,000 after purchasing an additional 23,685 shares in the last quarter. 69.79% of the stock is currently owned by institutional investors and hedge funds.

About UFP Technologies

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

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