PLDT (NYSE:PHI) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

PLDT (NYSE:PHI) released its earnings results on Wednesday. The technology company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05), Zacks reports. The business had revenue of $863.79 million for the quarter, compared to analyst estimates of $877.45 million. PLDT had a net margin of 12.81% and a return on equity of 26.76%.

PLDT Trading Up 1.0%

NYSE PHI traded up $0.17 on Friday, hitting $16.30. 117,485 shares of the stock were exchanged, compared to its average volume of 152,361. PLDT has a 52-week low of $16.08 and a 52-week high of $24.51. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.44 and a quick ratio of 0.43. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 1.90 and a beta of 0.65. The company’s 50-day moving average price is $18.18 and its two-hundred day moving average price is $19.77.

Analysts Set New Price Targets

Several research firms have issued reports on PHI. TD Cowen reaffirmed a “hold” rating on shares of PLDT in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered PLDT from an “overweight” rating to a “neutral” rating in a research note on Monday, August 17th. Weiss Ratings cut PLDT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Finally, Zacks Research raised PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

PLDT Company Profile

PLDT Inc. is a telecommunications and digital services provider based in the Philippines. Founded in 1928, the company operates an integrated network serving residential, business and government customers across the country. Its services include mobile voice and data through its Smart brand, fixed-line telephony, home broadband and enterprise connectivity. Through its business units and subsidiaries, PLDT also provides information and communications technology services, cloud and data-center solutions, and other digital services.