PLDT (NYSE:PHI) Issues Quarterly Earnings Results

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

PLDT Stock Performance

NYSE PHI traded up $0.28 during trading on Friday, reaching $23.78. 57,127 shares of the company’s stock were exchanged, compared to its average volume of 54,399. The business has a 50 day moving average price of $23.18 and a 200-day moving average price of $24.00. The stock has a market capitalization of $5.14 billion, a P/E ratio of 7.85, a PEG ratio of 1.14 and a beta of 0.68. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. PLDT has a fifty-two week low of $21.00 and a fifty-two week high of $29.05.

PLDT Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About PLDT

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.