PPL Corp. (PPL) Releases FY14 Earnings Guidance
PPL Corp. (NYSE:PPL) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.05-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.16, StockRatingsNetwork.com reports.
PPL Corp. (NYSE:PPL) opened at 30.11 on Thursday. PPL Corp. has a 52-week low of $28.44 and a 52-week high of $33.55. The stock has a 50-day moving average of $29.92 and a 200-day moving average of $30.45. The company has a market cap of $18.977 billion and a price-to-earnings ratio of 12.02.
PPL Corp. (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.10. The company had revenue of $2.85 million for the quarter, compared to the consensus estimate of $2.44 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts expect that PPL Corp. will post $2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of 0.3725 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.95%.
A number of research firms have recently commented on PPL. Analysts at Jefferies Group upgraded shares of PPL Corp. from a hold rating to a buy rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $33.00. On a related note, analysts at Barclays upgraded shares of PPL Corp. from an equal weight rating to an overweight rating in a research note to investors on Monday, January 6th. They now have a $33.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of PPL Corp. from a neutral rating to a buy rating in a research note to investors on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. PPL Corp. currently has an average rating of Hold and an average target price of $32.42.
In other PPL Corp. news, Insider Victor Staffieri sold 56,105 shares of the stock on the open market in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $30.05, for a total transaction of $1,685,955.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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