Preformed Line Products (PLPC) Receiving Somewhat Critical Media Coverage, Study Finds
News articles about Preformed Line Products (NASDAQ:PLPC) have trended somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preformed Line Products earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.1891714167329 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Preformed Line Products (NASDAQ:PLPC) opened at 69.40 on Tuesday. The company’s 50 day moving average is $66.78 and its 200-day moving average is $53.97. Preformed Line Products has a 1-year low of $42.76 and a 1-year high of $75.76. The stock has a market capitalization of $354.98 million, a PE ratio of 22.93 and a beta of 1.23.
Preformed Line Products (NASDAQ:PLPC) last announced its earnings results on Friday, August 4th. The technology company reported $0.81 earnings per share for the quarter. The company had revenue of $97.51 million during the quarter. Preformed Line Products had a net margin of 4.35% and a return on equity of 6.77%. Analysts forecast that Preformed Line Products will post $3.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Monday, October 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, September 29th. Preformed Line Products’s dividend payout ratio (DPR) is presently 26.49%.
Separately, TheStreet raised shares of Preformed Line Products from a “c+” rating to a “b-” rating in a research note on Monday, August 21st.
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About Preformed Line Products
Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.
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