$0.55 EPS Expected for PPL Corp (NYSE:PPL) This Quarter

Wall Street analysts expect PPL Corp (NYSE:PPL) to post $0.55 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for PPL’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.57. PPL reported earnings per share of $0.52 during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The firm is scheduled to report its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that PPL will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.45. For the next financial year, analysts anticipate that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.52 to $2.55. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for PPL.

PPL (NYSE:PPL) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.04 billion. PPL had a return on equity of 14.73% and a net margin of 23.17%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

PPL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of PPL from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a research report on Tuesday, October 15th. GMP Securities restated an “average” rating and set a $59.00 price objective on shares of PPL in a research report on Wednesday, August 7th. Macquarie upgraded shares of PPL from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $32.50 in a research report on Wednesday, October 23rd. ValuEngine downgraded shares of PPL from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Morgan Stanley set a $30.00 price objective on shares of PPL and gave the stock a “hold” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.41.

In related news, CEO William H. Spence sold 388,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.57, for a total value of $13,025,160.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne H. Raphael sold 21,288 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $31.91, for a total transaction of $679,300.08. Following the completion of the sale, the executive vice president now directly owns 46,857 shares in the company, valued at $1,495,206.87. The disclosure for this sale can be found here. Insiders sold a total of 638,004 shares of company stock valued at $21,266,332 in the last quarter. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PPL. BlackRock Inc. boosted its holdings in shares of PPL by 1.6% during the second quarter. BlackRock Inc. now owns 60,048,918 shares of the utilities provider’s stock valued at $1,862,119,000 after acquiring an additional 937,714 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PPL by 2.7% during the second quarter. Vanguard Group Inc. now owns 59,843,270 shares of the utilities provider’s stock valued at $1,855,739,000 after acquiring an additional 1,548,115 shares during the period. State Street Corp boosted its holdings in shares of PPL by 0.7% during the third quarter. State Street Corp now owns 38,103,348 shares of the utilities provider’s stock valued at $1,215,277,000 after acquiring an additional 281,648 shares during the period. Invesco Ltd. boosted its holdings in shares of PPL by 5.0% during the second quarter. Invesco Ltd. now owns 26,097,426 shares of the utilities provider’s stock valued at $809,280,000 after acquiring an additional 1,242,220 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of PPL by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 16,914,524 shares of the utilities provider’s stock valued at $524,518,000 after purchasing an additional 4,523,594 shares in the last quarter. 70.68% of the stock is currently owned by hedge funds and other institutional investors.

PPL stock traded up $0.12 during trading hours on Wednesday, reaching $34.15. 100,637 shares of the stock were exchanged, compared to its average volume of 4,679,711. The stock has a market cap of $24.60 billion, a P/E ratio of 14.23 and a beta of 0.49. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.58 and a current ratio of 0.66. PPL has a 52-week low of $27.31 and a 52-week high of $34.40. The firm’s 50 day moving average is $33.16 and its 200 day moving average is $31.12.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.4125 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.83%. PPL’s dividend payout ratio is presently 68.75%.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Earnings History and Estimates for PPL (NYSE:PPL)

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