Filtronic (LON:FTC) Issues Quarterly Earnings Results

Filtronic (LON:FTC) announced its quarterly earnings data on Tuesday. The company reported GBX 2.07 EPS for the quarter, Digital Look Earnings reports. Filtronic had a return on equity of 26.93% and a net margin of 17.80%.

Filtronic Trading Down 9.4%

LON FTC opened at GBX 227.50 on Tuesday. The stock has a 50-day simple moving average of GBX 301.99 and a 200 day simple moving average of GBX 257.88. The company has a market capitalization of £500.37 million, a PE ratio of 54.82 and a beta of 1.03. The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 16.02. Filtronic has a 12 month low of GBX 114 and a 12 month high of GBX 480.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 440 price target on shares of Filtronic in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 440.

Filtronic Company Profile

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.