PLDT (NYSE:PHI) Announces Earnings Results

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

PLDT Price Performance

Shares of NYSE PHI opened at $22.04 on Thursday. The business has a fifty day moving average of $25.77 and a two-hundred day moving average of $25.58. PLDT has a 52-week low of $21.74 and a 52-week high of $30.39. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.33 and a quick ratio of 0.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PHI. O Shaughnessy Asset Management LLC raised its holdings in shares of PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after buying an additional 29,225 shares during the last quarter. Creative Planning increased its position in PLDT by 21.1% in the third quarter. Creative Planning now owns 67,897 shares of the technology company’s stock worth $1,825,000 after purchasing an additional 11,847 shares during the period. American Century Companies Inc. increased its position in PLDT by 10.9% in the second quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after purchasing an additional 9,206 shares during the period. Blue Trust Inc. increased its position in PLDT by 194.8% in the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock worth $341,000 after purchasing an additional 9,174 shares during the period. Finally, Kathmere Capital Management LLC increased its position in PLDT by 80.2% in the second quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock worth $464,000 after purchasing an additional 8,408 shares during the period. 2.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About PLDT

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.