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PPHC (NASDAQ:PPHC) Trading Down 4.4% - What's Next?

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Key Points

  • PPHC shares fell 4.4% to $13.67 on Tuesday with about 55,544 shares traded, a roughly 62% drop from the stock's average daily volume.
  • Earnings missed: PPHC reported quarterly EPS of $0.07 versus consensus $0.14, while revenue was in line at $49.9 million.
  • The company declared a $0.24 dividend payable May 22 (ex-dividend/record Apr 24), which MarketBeat reports as a 364% yield; analysts hold a consensus "Moderate Buy" with a $17.00 target.
  • Interested in PPHC? Here are five stocks we like better.

PPHC (NASDAQ:PPHC - Get Free Report) dropped 4.4% on Tuesday . The company traded as low as $13.36 and last traded at $13.67. Approximately 55,544 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 144,330 shares. The stock had previously closed at $14.30.

Analyst Ratings Changes

Several brokerages have recently issued reports on PPHC. Zacks Research raised PPHC to a "hold" rating in a research report on Tuesday, February 24th. Canaccord Genuity Group reissued a "buy" rating and issued a $18.00 price target on shares of PPHC in a report on Tuesday, March 24th. Wall Street Zen upgraded shares of PPHC to a "hold" rating in a report on Friday, February 6th. Finally, Oppenheimer assumed coverage on shares of PPHC in a research note on Monday, February 23rd. They issued an "outperform" rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Check Out Our Latest Analysis on PPHC

PPHC Stock Performance

The firm has a 50 day moving average price of $12.82.

PPHC (NASDAQ:PPHC - Get Free Report) last announced its quarterly earnings results on Monday, March 23rd. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.07). The company had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million.

PPHC Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be issued a $0.24 dividend. This represents a dividend yield of 364.0%. The ex-dividend date of this dividend is Friday, April 24th.

About PPHC

(Get Free Report)

Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC's public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.

Further Reading

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