News headlines about Preformed Line Products (NASDAQ:PLPC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Preformed Line Products earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.3793116498405 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Preformed Line Products (PLPC) Upgraded to Buy by BidaskClub (americanbankingnews.com)
- Preformed Line Products (PLPC) and Nidec (NJDCY) Financial Review (americanbankingnews.com)
- Preformed Line Products (PLPC) to Issue Quarterly Dividend of $0.20 (americanbankingnews.com)
- Preformed Line Products Announces Quarterly Dividend (finance.yahoo.com)
Separately, BidaskClub lowered shares of Preformed Line Products from a “hold” rating to a “sell” rating in a report on Friday, March 2nd.
Preformed Line Products (NASDAQ:PLPC) last released its earnings results on Friday, March 9th. The technology company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $96.89 million for the quarter. Preformed Line Products had a net margin of 3.35% and a return on equity of 5.33%.
Preformed Line Products declared that its board has initiated a stock repurchase plan on Thursday, December 14th that permits the company to repurchase 250,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, April 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.80 annualized dividend and a yield of 1.27%. Preformed Line Products’s payout ratio is 32.26%.
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Preformed Line Products Company Profile
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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