Preformed Line Products (NASDAQ:PLPC) Posts Earnings Results

Preformed Line Products (NASDAQ:PLPC) issued its earnings results on Friday. The technology company reported $1.56 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $114.84 million during the quarter. Preformed Line Products had a net margin of 5.45% and a return on equity of 9.29%.

NASDAQ:PLPC traded down $1.88 during mid-day trading on Friday, reaching $55.50. The company’s stock had a trading volume of 8,580 shares, compared to its average volume of 5,133. Preformed Line Products has a 1 year low of $45.12 and a 1 year high of $87.10. The business’s fifty day simple moving average is $55.43. The stock has a market capitalization of $292.23 million, a price-to-earnings ratio of 12.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.11 and a quick ratio of 1.88.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, July 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, June 28th.

A number of analysts have recently issued reports on the stock. TheStreet raised shares of Preformed Line Products from a “c+” rating to a “b-” rating in a research note on Wednesday. ValuEngine raised shares of Preformed Line Products from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, BidaskClub raised shares of Preformed Line Products from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 2nd.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.

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Earnings History for Preformed Line Products (NASDAQ:PLPC)

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