Preformed Line Products (NASDAQ:PLPC) Releases Earnings Results

Preformed Line Products (NASDAQ:PLPC - Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $2.13 EPS for the quarter, Zacks reports. The firm had revenue of $167.12 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Stock Performance

Preformed Line Products stock traded up $6.61 during midday trading on Monday, reaching $150.96. 59,450 shares of the company traded hands, compared to its average volume of 15,533. The firm has a market capitalization of $739.40 million, a price-to-earnings ratio of 22.67 and a beta of 0.61. 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 business has a 50 day moving average of $133.56 and a two-hundred day moving average of $129.48. Preformed Line Products has a 12 month low of $109.01 and a 12 month high of $154.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Preformed Line Products from a "strong-buy" rating to a "buy" rating in a research 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.