PPL Corporation (PPL) to Release Quarterly Earnings on Wednesday
PPL Corporation (NYSE:PPL) will announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. PPL Corporation has set its FY17 guidance at $2.05-2.25 EPS.
PPL Corporation (NYSE:PPL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. PPL Corporation’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, analysts expect PPL Corporation to post $2.15 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
PPL Corporation (PPL) opened at 37.92 on Wednesday. PPL Corporation has a one year low of $32.46 and a one year high of $40.20. The stock’s 50 day moving average is $38.33 and its 200-day moving average is $38.60. The firm has a market cap of $26.01 billion, a price-to-earnings ratio of 15.87 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Thursday, September 7th. PPL Corporation’s dividend payout ratio is currently 66.11%.
Several equities analysts recently commented on PPL shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $43.50 target price (up previously from $42.00) on shares of PPL Corporation in a report on Wednesday, August 9th. Zacks Investment Research raised shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, July 12th. ValuEngine raised shares of PPL Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. SunTrust Banks, Inc. assumed coverage on shares of PPL Corporation in a report on Tuesday, October 10th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, BidaskClub raised shares of PPL Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.35.
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In other news, insider Vincent Sorgi sold 5,600 shares of PPL Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the completion of the sale, the insider now directly owns 97 shares in the company, valued at $3,783. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph P. Bergstein, Jr. sold 2,983 shares of PPL Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total transaction of $116,337.00. The disclosure for this sale can be found here. Insiders sold 44,234 shares of company stock valued at $1,742,952 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.
PPL Corporation Company Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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