Preformed Line Products (PLPC) to Release Quarterly Earnings on Thursday

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

Preformed Line Products Stock Performance

Shares of PLPC opened at $262.62 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.84 and a current ratio of 3.09. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.78 and a beta of 0.77. The company’s 50 day simple moving average is $241.65 and its 200 day simple moving average is $216.49. Preformed Line Products has a 1 year low of $118.99 and a 1 year high of $287.96.

Preformed Line Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Preformed Line Products’s previous quarterly dividend of $0.20. Preformed Line Products’s dividend payout ratio is currently 11.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLPC. Russell Investments Group Ltd. increased its stake in Preformed Line Products by 2,562.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 213 shares of the technology company’s stock worth $42,000 after buying an additional 205 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Preformed Line Products by 199.0% during the second quarter. Tower Research Capital LLC TRC now owns 299 shares of the technology company’s stock valued at $48,000 after acquiring an additional 199 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Preformed Line Products by 132.4% during the fourth quarter. Royal Bank of Canada now owns 251 shares of the technology company’s stock valued at $52,000 after acquiring an additional 143 shares in the last quarter. State of Wyoming purchased a new stake in shares of Preformed Line Products during the second quarter worth about $63,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Preformed Line Products by 102.5% in the third quarter. BNP Paribas Financial Markets now owns 492 shares of the technology company’s stock worth $97,000 after acquiring an additional 249 shares in the last quarter. 41.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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