People Incorporated Common Stock (NASDAQ:PPLI) Announces Earnings Results

Key Points

• Quarterly EPS was a substantial miss: People Incorporated reported a loss of $9.15 per share versus the consensus loss estimate of $0.23. Revenue fell 3.6% year over year, and net margin was negative 17.01%.
• Analysts’ average rating was Moderate Buy, with a consensus price target of $53.08. Several firms cut their targets, though they maintained Buy ratings.
• Shares traded at $43.32 on Tuesday, within a 12-month range of $31.42 to $48.32.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) posted its earnings results on Tuesday. The company reported ($9.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($8.92), Briefing.com reports. People Incorporated Common Stock had a positive return on equity of 13.30% and a negative net margin of 17.01%. The company's revenue was down 3.6% compared to the same quarter last year.

People Incorporated Common Stock Price Performance

NASDAQ:PPLI traded down $0.06 during mid-day trading on Tuesday, hitting $43.32. 155,561 shares of the stock traded hands, compared to its average volume of 1,110,122. The business's 50-day moving average price is $39.01 and its 200 day moving average price is $40.48. The company has a market cap of $3.00 billion, a PE ratio of -9.85 and a beta of 1.00. People Incorporated Common Stock has a 12-month low of $31.42 and a 12-month high of $48.32. The company has a quick ratio of 3.69, a current ratio of 4.01 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PPLI shares. Truist Financial dropped their target price on shares of People Incorporated Common Stock from $62.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, November 4th. The Goldman Sachs Group decreased their price target on shares of People Incorporated Common Stock from $63.00 to $56.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. Citizens Jmp assumed coverage on shares of People Incorporated Common Stock in a report on Wednesday, November 4th. They issued a "market outperform" rating and a $47.00 price target on the stock. TD Cowen dropped their price objective on People Incorporated Common Stock from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, November 4th. Finally, Citigroup reduced their price objective on People Incorporated Common Stock from $52.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.08.

People Incorporated Common Stock Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.

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