PLDT (NYSE:PHI) Posts Quarterly Earnings Results

PLDT (NYSE:PHI) announced its quarterly earnings results on Tuesday. The technology company reported $0.68 earnings per share (EPS) for the quarter, reports. The business had revenue of $933.44 million during the quarter. PLDT had a return on equity of 22.17% and a net margin of 12.34%.

PLDT Stock Performance

Shares of PHI stock opened at $22.04 on Thursday. PLDT has a 12 month low of $21.74 and a 12 month high of $30.39. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average is $25.77 and its two-hundred day moving average is $25.58.

Analyst Ratings Changes

Separately, StockNews.com downgraded PLDT from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

Hedge Funds Weigh In On PLDT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of PLDT by 48.3% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after acquiring an additional 390 shares during the last quarter. Oldfield Partners LLP grew its stake in shares of PLDT by 0.9% in the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after acquiring an additional 400 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock worth $33,000 after acquiring an additional 819 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of PLDT by 6.9% in the third quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock worth $345,000 after acquiring an additional 826 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of PLDT in the third quarter worth $28,000. Institutional investors and hedge funds own 2.26% of the company’s stock.

PLDT Company Profile

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.