Zotefoams (LON:ZTF) Releases Earnings Results

Zotefoams (LON:ZTF) issued its earnings results on Tuesday. The company reported GBX 25.95 ($0.34) earnings per share for the quarter, Digital Look Earnings reports. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Zotefoams Stock Down 2.2 %

LON ZTF traded down GBX 6.56 ($0.09) on Thursday, reaching GBX 291.44 ($3.79). The company had a trading volume of 143,255 shares, compared to its average volume of 127,212. The stock has a market capitalization of £140.18 million, a P/E ratio of 14.11, a P/E/G ratio of 0.66 and a beta of 1.40. The company’s fifty day moving average is GBX 290.58 and its 200 day moving average is GBX 343.29. Zotefoams has a 52-week low of GBX 255 ($3.32) and a 52-week high of GBX 595.20 ($7.74). The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 1st will be given a GBX 5.10 ($0.07) dividend. This is a positive change from Zotefoams’s previous dividend of $2.38. This represents a yield of 1.92%. The ex-dividend date is Thursday, May 1st. Zotefoams’s dividend payout ratio is presently 33.89%.

Insider Activity at Zotefoams

In related news, insider Ronan Cox purchased 3,204 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of GBX 310 ($4.03) per share, with a total value of £9,932.40 ($12,921.04). 18.96% of the stock is currently owned by insiders.

About Zotefoams

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.