Public Policy (NASDAQ:PPHC) Trading Down 0.4% - Here's Why

Key Points

• Shares dipped 0.4% to $13.40 (intraday low $13.08) on low volume of 55,489 shares, roughly 55% below the average trading session.
• Analysts are mixed—two Buy, one Hold and one Sell—with a MarketBeat consensus of "Hold" and an average price target of $17.00.
• Public Policy missed EPS at $0.07 versus $0.14 expected while reporting $49.90M in revenue, and announced a $0.24 per-share dividend (payable May 22, ex‑dividend/record April 24) implying a stated yield of 342%.

Shares of Public Policy Holding Company, Inc. (NASDAQ:PPHC - Get Free Report) fell 0.4% on Wednesday . The stock traded as low as $13.08 and last traded at $13.40. 55,489 shares traded hands during trading, a decline of 55% from the average session volume of 122,600 shares. The stock had previously closed at $13.46.

Analysts Set New Price Targets

Several analysts recently commented on PPHC shares. Oppenheimer assumed coverage on shares of Public Policy in a research report on Monday, February 23rd. They set an "outperform" rating and a $16.00 price target on the stock. Zacks Research raised shares of Public Policy to a "hold" rating in a research note on Tuesday, February 24th. Canaccord Genuity Group restated a "buy" rating and set a $18.00 target price on shares of Public Policy in a research report on Tuesday, March 24th. Wall Street Zen upgraded Public Policy to a "hold" rating in a research note on Friday, February 6th. Finally, Weiss Ratings initiated coverage on Public Policy in a research report on Friday, April 24th. They set a "sell (e)" rating on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.00.

Public Policy Price Performance

The business's 50 day simple moving average is $13.19.

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

Public Policy Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be issued a dividend of $0.24 per share. This represents a dividend yield of 342.0%. The ex-dividend date is Friday, April 24th.

About Public Policy

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.

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