PPHC (NASDAQ:PPHC) Shares Down 4.4% – What’s Next?

PPHC (NASDAQ:PPHC) shares dropped 4.4% on Tuesday . The stock traded as low as $13.36 and last traded at $13.67. Approximately 55,544 shares traded hands during trading, a decline of 62% from the average daily volume of 144,330 shares. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

PPHC has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of PPHC to a “hold” rating in a research report on Friday, February 6th. Oppenheimer initiated coverage on shares of PPHC in a report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Zacks Research raised shares of PPHC to a “hold” rating in a report on Tuesday, February 24th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 price objective on shares of PPHC in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

PPHC Price Performance

The firm has a fifty day moving average price of $12.82.

PPHC (NASDAQ:PPHC) last announced its earnings results on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The business had revenue of $49.90 million for the quarter, compared to analyst estimates of $49.90 million.

PPHC Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 24th will be issued a dividend of $0.24 per share. This represents a dividend yield of 364.0%. The ex-dividend date of this dividend is Friday, April 24th.

About PPHC

Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC’s public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.