PLDT (NYSE:PHI) Announces Earnings Results

PLDT (NYSE:PHI) issued its earnings results on Thursday. The technology company reported $0.36 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $905.99 million for the quarter. PLDT had a net margin of 13.40% and a return on equity of 28.27%.

PLDT Trading Down 0.8%

Shares of NYSE:PHI traded down $0.21 on Thursday, hitting $24.13. The company’s stock had a trading volume of 34,938 shares, compared to its average volume of 56,512. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 2.32. PLDT has a 12 month low of $18.61 and a 12 month high of $25.12. The stock’s 50-day moving average is $22.69 and its two-hundred day moving average is $21.26.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of PLDT in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On PLDT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of PLDT in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC lifted its position in PLDT by 272.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after purchasing an additional 955 shares during the period. Arax Advisory Partners lifted its position in PLDT by 429.4% in the fourth quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock worth $37,000 after purchasing an additional 1,387 shares during the period. CWM LLC boosted its stake in PLDT by 22.1% during the 4th quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after purchasing an additional 469 shares in the last quarter. Finally, MAI Capital Management bought a new stake in shares of PLDT in the 2nd quarter worth $65,000. Institutional investors own 2.26% of the company’s stock.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.