Preformed Line Products (NASDAQ:PLPC) Issues Earnings Results

Preformed Line Products (NASDAQ:PLPC) released its earnings results on Thursday. The technology company reported $2.13 earnings per share for the quarter, Zacks reports. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Preformed Line Products Stock Up 0.4 %

PLPC opened at $123.50 on Friday. The stock has a market cap of $604.90 million, a price-to-earnings ratio of 18.54 and a beta of 0.61. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $133.25 and its two-hundred day moving average price is $129.17. Preformed Line Products has a twelve month low of $109.01 and a twelve month high of $154.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

About Preformed Line Products

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.