People Incorporated Common Stock (NASDAQ:PPLI) Posts Quarterly Earnings Results, Misses Estimates By $8.92 EPS

People Incorporated Common Stock (NASDAQ:PPLI) announced its quarterly earnings data on Tuesday. The company reported ($9.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92), Briefing.com reports. People Incorporated Common Stock had a negative net margin of 17.01% and a positive return on equity of 13.30%. People Incorporated Common Stock’s quarterly revenue was down 3.6% on a year-over-year basis.

People Incorporated Common Stock Stock Up 0.2%

Shares of NASDAQ PPLI traded up $0.09 during midday trading on Thursday, hitting $44.05. 54,329 shares of the stock traded hands, compared to its average volume of 1,112,109. The company has a market cap of $3.05 billion, a PE ratio of -10.01 and a beta of 1.00. People Incorporated Common Stock has a one year low of $31.42 and a one year high of $48.32. The business has a 50 day moving average price of $39.23 and a two-hundred day moving average price of $40.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.01 and a current ratio of 4.01.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PPLI shares. Zacks Research upgraded People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. Benchmark raised their price objective on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen lowered their price objective on shares of People Incorporated Common Stock from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. JPMorgan Chase & Co. began coverage on shares of People Incorporated Common Stock in a research report on Friday, September 11th. They set an “overweight” rating and a $54.00 target price on the stock. Finally, UBS Group dropped their target price on shares of People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, People Incorporated Common Stock has a consensus rating of “Moderate Buy” and an average target price of $53.08.

About People Incorporated Common Stock

IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.