People Incorporated Common Stock (NASDAQ:PPLI) Posts Quarterly Earnings Results, Beats Estimates By $7.08 EPS

People Incorporated Common Stock (NASDAQ:PPLIGet Free Report) released its earnings results on Monday. The company reported $6.68 EPS for the quarter, beating the consensus estimate of ($0.40) by $7.08, FiscalAI reports. People Incorporated Common Stock had a return on equity of 2.29% and a net margin of 1.82%.The company had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. During the same period in the prior year, the business posted $2.57 EPS. The business’s revenue was down 1.5% on a year-over-year basis.

People Incorporated Common Stock Trading Up 1.2%

Shares of NASDAQ PPLI opened at $42.06 on Tuesday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 113.68 and a beta of 1.04. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $48.32. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $43.85 and its 200 day simple moving average is $41.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in People Incorporated Common Stock by 42,721.4% in the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after buying an additional 3,120,799 shares during the last quarter. Patient Capital Management LLC grew its position in shares of People Incorporated Common Stock by 12.6% during the fourth quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after acquiring an additional 265,805 shares during the last quarter. AQR Capital Management LLC grew its position in shares of People Incorporated Common Stock by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,651,207 shares of the company’s stock worth $64,562,000 after acquiring an additional 502,927 shares during the last quarter. Newtyn Management LLC grew its position in shares of People Incorporated Common Stock by 10.0% during the third quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock worth $37,477,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of People Incorporated Common Stock in the 4th quarter worth about $29,114,000. 88.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PPLI has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group lowered shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Wednesday, May 6th. KeyCorp raised their price objective on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Finally, Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.62.

Read Our Latest Report on PPLI

About People Incorporated Common Stock

(Get Free Report)

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.

See Also

Earnings History for People Incorporated Common Stock (NASDAQ:PPLI)

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