Preformed Line Products (NASDAQ:PLPC) Posts Earnings Results

Preformed Line Products (NASDAQ:PLPC) posted its quarterly earnings results on Thursday. The technology company reported $2.13 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $167.12 million during the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Preformed Line Products Trading Up 16.9 %

Shares of Preformed Line Products stock opened at $144.35 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The firm has a fifty day moving average price of $133.56 and a 200 day moving average price of $129.34. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $154.90. The stock has a market cap of $707.03 million, a PE ratio of 21.67 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.