Intertape Polymer Group (OTCMKTS:ITPOF) released its quarterly earnings results on Wednesday. The industrial products company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02), Morningstar.com reports. Intertape Polymer Group had a net margin of 5.97% and a return on equity of 19.09%. The firm had revenue of $287.66 million for the quarter. Intertape Polymer Group updated its FY 2019 guidance to EPS.
Shares of OTCMKTS ITPOF traded down $0.04 during mid-day trading on Thursday, hitting $14.10. 690 shares of the stock traded hands, compared to its average volume of 1,071. The company has a quick ratio of 1.18, a current ratio of 2.43 and a debt-to-equity ratio of 1.85. Intertape Polymer Group has a 52 week low of $10.91 and a 52 week high of $16.83. The firm has a market capitalization of $827.14 million, a PE ratio of 16.03 and a beta of 1.32.
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Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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