PLDT (NYSE:PHI) Releases Quarterly Earnings Results

PLDT (NYSE:PHI) released its quarterly earnings results on Thursday. The technology company reported $0.67 EPS for the quarter, Zacks reports. The business had revenue of $960.62 million during the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%.

PLDT Stock Performance

Shares of PHI opened at $23.78 on Friday. The firm has a 50-day moving average price of $23.18 and a 200 day moving average price of $24.00. The firm has a market capitalization of $5.14 billion, a PE ratio of 7.85, a P/E/G ratio of 1.14 and a beta of 0.68. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. PLDT has a 52-week low of $21.00 and a 52-week high of $29.05.

PLDT Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.812 per share. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 5.4%. PLDT’s dividend payout ratio is currently 38.61%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.