PPL (PPL) to Release Quarterly Earnings on Thursday

PPL (NYSE:PPL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect PPL to post earnings of $0.48 per share for the quarter.

Shares of PPL (NYSE:PPL) opened at $30.27 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. PPL has a 12 month low of $29.20 and a 12 month high of $40.20. The company has a market cap of $20,840.00, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.87 and a beta of 0.46.

Several analysts have commented on the stock. KeyCorp restated a “hold” rating on shares of PPL in a research note on Friday, October 20th. Canaccord Genuity restated a “buy” rating and set a $48.00 price objective on shares of PPL in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, December 12th. Macquarie cut shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, December 19th. Finally, TheStreet cut shares of PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.95.

In other news, SVP Joanne H. Raphael sold 5,045 shares of PPL stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the completion of the transaction, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at approximately $760,928. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the transaction, the insider now directly owns 25,940 shares of the company’s stock, valued at $821,519.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,163 shares of company stock valued at $1,395,587. Insiders own 0.40% of the company’s stock.

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PPL 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.

Earnings History for PPL (NYSE:PPL)

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