Preformed Line Products (NASDAQ:PLPC) Issues Quarterly Earnings Results

Key Points

• Preformed Line Products reported a quarterly earnings per share (EPS) of $2.56 with a net margin of 6.49% and a return on equity of 9.16%.
• The company announced a quarterly dividend of $0.20, resulting in an annualized dividend yield of 0.57%.
• Analysts upgraded Preformed Line Products from a "buy" to a "strong-buy" rating, indicating growing confidence in the company's stock performance.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) announced its earnings results on Wednesday. The technology company reported $2.56 earnings per share for the quarter, Zacks reports. The company had revenue of $169.60 million during the quarter. Preformed Line Products had a return on equity of 9.87% and a net margin of 6.70%.

Preformed Line Products Trading Down 3.6%

PLPC traded down $5.53 during trading on Friday, reaching $148.80. 49,514 shares of the company's stock were exchanged, compared to its average volume of 127,063. The company's fifty day moving average price is $152.90 and its 200-day moving average price is $142.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.81 and a current ratio of 3.08. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $171.94. The firm has a market capitalization of $735.07 million, a PE ratio of 17.38 and a beta of 0.79.

Preformed Line Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Stockholders of record on Tuesday, July 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 1st. Preformed Line Products's dividend payout ratio (DPR) is 10.14%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.