Q1 2018 EPS Estimates for UFP Technologies, Inc. Reduced by Analyst (UFPT)
UFP Technologies, Inc. (NASDAQ:UFPT) – Equities researchers at Taglich Brothers reduced their Q1 2018 EPS estimates for shares of UFP Technologies in a research report issued on Wednesday. Taglich Brothers analyst J. Nobile now anticipates that the industrial products company will earn $0.40 per share for the quarter, down from their prior forecast of $0.41. Taglich Brothers also issued estimates for UFP Technologies’ Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.76 EPS.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.13). The company had revenue of $35.68 million for the quarter, compared to analysts’ expectations of $38.70 million. UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. ILLEGAL ACTIVITY NOTICE: This report was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://theolympiareport.com/2017/11/18/q1-2018-eps-estimates-for-ufp-technologies-inc-reduced-by-analyst-ufpt.html.
Separately, Zacks Investment Research upgraded UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Saturday, September 23rd.
Shares of UFP Technologies (NASDAQ:UFPT) opened at $26.80 on Friday. The company has a market capitalization of $191.87, a PE ratio of 24.22 and a beta of 0.18. UFP Technologies has a twelve month low of $22.95 and a twelve month high of $31.50.
Several large investors have recently made changes to their positions in UFPT. American International Group Inc. raised its holdings in shares of UFP Technologies by 6.9% during the 1st quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock valued at $102,000 after buying an additional 255 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of UFP Technologies during the 2nd quarter valued at about $112,000. Macquarie Group Ltd. purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at about $128,000. First Quadrant L P CA purchased a new stake in shares of UFP Technologies during the 2nd quarter valued at about $187,000. Finally, New York State Common Retirement Fund raised its holdings in shares of UFP Technologies by 559.1% during the 2nd quarter. New York State Common Retirement Fund now owns 6,598 shares of the industrial products company’s stock valued at $187,000 after buying an additional 5,597 shares during the period. Institutional investors and hedge funds own 68.63% of the company’s stock.
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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