PLDT (NYSE:PHI) Releases Earnings Results, Misses Estimates By $0.05 EPS

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

PLDT Stock Performance

Shares of PLDT stock traded down $0.02 during midday trading on Friday, hitting $16.11. The company had a trading volume of 75,651 shares, compared to its average volume of 152,230. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.44 and a quick ratio of 0.43. PLDT has a 1-year low of $16.08 and a 1-year high of $24.51. The business’s 50 day simple moving average is $18.18 and its two-hundred day simple moving average is $19.77. The stock has a market cap of $3.48 billion, a PE ratio of 7.26, a P/E/G ratio of 1.90 and a beta of 0.65.

Analysts Set New Price Targets

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

About PLDT

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.