Preformed Line Products (PLPC) Expected to Announce Quarterly Earnings on Thursday

Preformed Line Products (NASDAQ:PLPC) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect Preformed Line Products to post earnings of $1.64 per share and revenue of $181.00 million for the quarter.

Preformed Line Products Price Performance

Shares of PLPC opened at $262.62 on Monday. The company has a current ratio of 3.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $241.65 and its two-hundred day moving average is $216.49. Preformed Line Products has a twelve month low of $118.99 and a twelve month high of $287.96. The firm has a market capitalization of $1.29 billion, a PE ratio of 34.78 and a beta of 0.77.

Preformed Line Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Preformed Line Products’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, January 5th. Preformed Line Products’s dividend payout ratio (DPR) is presently 11.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLPC. Prudential Financial Inc. purchased a new stake in shares of Preformed Line Products in the 2nd quarter worth about $383,000. Hsbc Holdings PLC acquired a new position in Preformed Line Products during the second quarter worth about $286,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Preformed Line Products by 45.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,497 shares of the technology company’s stock valued at $3,755,000 after purchasing an additional 7,332 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Preformed Line Products by 7.4% in the second quarter. First Trust Advisors LP now owns 24,412 shares of the technology company’s stock valued at $3,901,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Preformed Line Products during the 2nd quarter worth approximately $585,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Analyst Upgrades and Downgrades

PLPC has been the subject of several research analyst reports. Wall Street Zen cut Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Preformed Line Products in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Preformed Line Products Company Profile

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.