Intertape Polymer Group (ITPOF) Posts Earnings Results, Misses Expectations By $0.04 EPS

Intertape Polymer Group (OTCMKTS:ITPOF) released its earnings results on Thursday. The industrial products company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $279.06 million during the quarter. Intertape Polymer Group had a net margin of 6.93% and a return on equity of 22.16%.

Shares of ITPOF traded down $0.63 on Friday, reaching $13.46. The stock had a trading volume of 418 shares, compared to its average volume of 598. The stock has a market cap of $792.27 million, a PE ratio of 13.89 and a beta of 1.43. The company has a quick ratio of 1.12, a current ratio of 2.44 and a debt-to-equity ratio of 1.12. Intertape Polymer Group has a 12-month low of $12.70 and a 12-month high of $18.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, December 13th.

Separately, ValuEngine upgraded Intertape Polymer Group from a “sell” rating to a “hold” rating in a research note on Friday, September 7th.

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Intertape Polymer Group Company Profile

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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Earnings History for Intertape Polymer Group (OTCMKTS:ITPOF)

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