People Incorporated Common Stock (NASDAQ:PPLI) Releases Earnings Results, Beats Expectations By $7.08 EPS

People Incorporated Common Stock (NASDAQ:PPLI) posted its earnings results on Monday. The company reported $6.68 EPS for the quarter, topping the consensus estimate of ($0.40) by $7.08, FiscalAI reports. The firm had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.66%. People Incorporated Common Stock’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 EPS.

People Incorporated Common Stock Price Performance

Shares of PPLI traded down $1.05 during trading hours on Wednesday, hitting $45.38. 543,982 shares of the company were exchanged, compared to its average volume of 1,089,743. The firm has a fifty day simple moving average of $43.93 and a 200-day simple moving average of $41.05. The company has a market capitalization of $3.11 billion, a PE ratio of 122.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32.

Analysts Set New Price Targets

PPLI has been the topic of several recent analyst reports. Barclays lifted their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Citizens Jmp lifted their price objective on shares of People Incorporated Common Stock from $47.00 to $54.00 and gave the company a “market outperform” rating in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday. UBS Group increased their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.36.

Hedge Funds Weigh In On People Incorporated Common Stock

A number of institutional investors have recently bought and sold shares of PPLI. Advisory Services Network LLC purchased a new stake in People Incorporated Common Stock during the third quarter valued at about $38,000. Quarry LP purchased a new stake in shares of People Incorporated Common Stock in the 4th quarter valued at approximately $59,000. Kestra Advisory Services LLC acquired a new position in People Incorporated Common Stock in the 4th quarter worth approximately $80,000. Geneos Wealth Management Inc. grew its position in People Incorporated Common Stock by 96.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,060 shares of the company’s stock worth $114,000 after purchasing an additional 1,500 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in People Incorporated Common Stock during the 3rd quarter worth approximately $113,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.