PLDT (NYSE:PHI) Posts Quarterly Earnings Results

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

PLDT Trading Up 1.2 %

PHI stock traded up $0.28 during midday trading on Friday, hitting $23.78. 57,127 shares of the company’s stock were exchanged, compared to its average volume of 54,399. The stock’s fifty day moving average price is $23.18 and its 200-day moving average price is $24.00. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The company has a market cap of $5.14 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. PLDT has a one year low of $21.00 and a one year high of $29.05.

PLDT Dividend Announcement

The business 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 $0.812 dividend. 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%.

Analyst Ratings Changes

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research 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.