Preformed Line Products (NASDAQ:PLPC) Announces Quarterly Earnings Results

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

Preformed Line Products Price Performance

Shares of NASDAQ:PLPC opened at $123.50 on Friday. The company’s fifty day moving average price is $133.25 and its 200-day moving average price is $129.17. The firm has a market capitalization of $604.90 million, a price-to-earnings ratio of 18.54 and a beta of 0.61. Preformed Line Products has a one year low of $109.01 and a one year high of $154.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.