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

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

PLDT Price Performance

Shares of PHI traded down $0.02 during mid-day trading on Friday, hitting $16.11. 75,651 shares of the company traded hands, compared to its average volume of 152,230. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.90 and a beta of 0.65. The business has a 50-day moving average of $18.18 and a 200 day moving average of $19.77. PLDT has a one year low of $16.08 and a one year high of $24.51.

Analysts Set New Price Targets

PHI has been the topic of a number of recent research reports. TD Cowen reaffirmed a “hold” rating on shares of PLDT in a report on Thursday, August 13th. Weiss Ratings cut shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Zacks Research upgraded shares of PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. downgraded shares of PLDT from an “overweight” rating to a “neutral” rating in a report on Monday, August 17th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock 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.