UFP Technologies Inc reports results for the quarter ended in March - Earnings Summary

• UFP Technologies Inc UFPT reported quarterly adjusted earnings of $1.64​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.27. The mean expectation of three analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from $1.05 to $1.17 per share.

• Revenue rose 7.4% to $105.01 million from a year ago; analysts expected $97.30 million.

• UFP Technologies Inc's reported EPS for the quarter was $1.64​.

• The company reported quarterly net income of $12.69 million.

• UFP Technologies Inc shares had fallen by 18.3% this quarter and gained 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for UFP Technologies Inc is $243.00

This summary was machine generated from LSEG data May 1 at 02:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)