Ultra Electronics (LON:ULE) Posts Earnings Results, Beats Estimates By $2.50 EPS

Ultra Electronics (LON:ULE) released its quarterly earnings results on Wednesday. The company reported GBX 52.50 ($0.69) EPS for the quarter, beating analysts’ consensus estimates of GBX 50 ($0.65) by GBX 2.50 ($0.03), Digital Look Earnings reports.

Ultra Electronics stock traded up GBX 212 ($2.77) during mid-day trading on Wednesday, hitting GBX 2,068 ($27.02). The company’s stock had a trading volume of 345,814 shares, compared to its average volume of 529,114. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 60.30. The stock has a market cap of $1.44 billion and a PE ratio of 47.43. The business has a 50 day moving average of GBX 1,754.36. Ultra Electronics has a 12 month low of GBX 1,200 ($15.68) and a 12 month high of GBX 2,008 ($26.24).

The business also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a GBX 15 ($0.20) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.77%. Ultra Electronics’s dividend payout ratio (DPR) is presently 1.19%.

Several research analysts recently issued reports on ULE shares. Jefferies Financial Group started coverage on shares of Ultra Electronics in a research report on Wednesday, May 29th. They issued a “hold” rating and a GBX 1,775 ($23.19) target price for the company. Peel Hunt upped their target price on shares of Ultra Electronics from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the stock an “add” rating in a research report on Wednesday. Numis Securities started coverage on shares of Ultra Electronics in a research report on Wednesday, May 8th. They issued an “add” rating and a GBX 1,850 ($24.17) target price for the company. JPMorgan Chase & Co. upped their target price on shares of Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,900 ($24.83) target price on shares of Ultra Electronics in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Ultra Electronics presently has a consensus rating of “Hold” and a consensus target price of GBX 1,773 ($23.17).

About Ultra Electronics

Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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