PLDT (NYSE:PHI) Posts Earnings Results, Misses Expectations By $0.05 EPS

PLDT (NYSE:PHI) announced its earnings results on Wednesday. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05), Zacks reports. The company had revenue of $863.79 million for the quarter, compared to analyst estimates of $877.45 million. PLDT had a return on equity of 26.76% and a net margin of 12.81%.

PLDT Stock Performance

Shares of PHI stock traded up $0.10 during trading hours on Friday, reaching $16.23. 109,999 shares of the company traded hands, compared to its average volume of 152,254. The firm has a 50-day moving average price of $18.18 and a 200 day moving average price of $19.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.44 and a quick ratio of 0.43. The company has a market cap of $3.51 billion, a P/E ratio of 7.33, a P/E/G ratio of 1.90 and a beta of 0.65. PLDT has a 12-month low of $16.08 and a 12-month high of $24.51.

Analyst Upgrades and Downgrades

PHI has been the subject of several research analyst reports. Zacks Research raised shares of PLDT from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings downgraded shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. TD Cowen reaffirmed a “hold” rating on shares of PLDT in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of PLDT from an “overweight” rating to a “neutral” rating in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, PLDT presently has an average rating of “Hold”.

PLDT Company Profile

PLDT Inc. is a telecommunications and digital services provider based in the Philippines. Founded in 1928, the company operates an integrated network serving residential, business and government customers across the country. Its services include mobile voice and data through its Smart brand, fixed-line telephony, home broadband and enterprise connectivity. Through its business units and subsidiaries, PLDT also provides information and communications technology services, cloud and data-center solutions, and other digital services.