Preformed Line Products Company to Issue Quarterly Dividend of $0.21 (NASDAQ:PLPC)

Key Points

• Preformed Line Products announced a quarterly dividend of $0.21 per share, with shareholders of record on April 1 and payment on April 20, reflecting an annualized yield of about 0.3%.
• The company reported Q3 EPS of $1.72, beating the $1.64 consensus while revenue came in at $173.11 million versus an expected $177.00 million, and net margin was 5.27%.
• Shares trade around $256 with a market cap of about $1.26 billion and a P/E near 35.9, and analysts' consensus is a "Strong Buy" with an average target price of $275.00.

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) announced a quarterly dividend on Wednesday, March 18th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.21 per share by the technology company on Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, April 1st.

Preformed Line Products Stock Performance

Shares of NASDAQ PLPC opened at $256.19 on Thursday. The company has a 50-day simple moving average of $255.64 and a 200-day simple moving average of $225.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 1.87. The company has a market cap of $1.26 billion, a PE ratio of 35.88 and a beta of 0.76. Preformed Line Products has a 12 month low of $128.00 and a 12 month high of $287.96.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.08. The business had revenue of $173.11 million for the quarter, compared to the consensus estimate of $177.00 million. Preformed Line Products had a net margin of 5.27% and a return on equity of 9.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen lowered Preformed Line Products from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Freedom Capital raised Preformed Line Products from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. Loop Capital set a $275.00 target price on Preformed Line Products in a research note on Monday, March 9th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Preformed Line Products in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy" and an average target price of $275.00.

About Preformed Line Products

Preformed Line Products Company NASDAQ: PLPC is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.

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