Equities research analysts forecast that PPL Corp (NYSE:PPL) will post earnings per share (EPS) of $0.56 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for PPL’s earnings, with estimates ranging from $0.54 to $0.58. PPL posted earnings per share of $0.58 in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is expected to report its next earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that PPL will report full year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.45. For the next year, analysts anticipate that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.40 to $2.45. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow PPL.
PPL (NYSE:PPL) last posted its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.05). The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.18 billion. PPL had a return on equity of 14.46% and a net margin of 23.68%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of PPL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in PPL by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,561 shares of the utilities provider’s stock valued at $1,671,000 after buying an additional 280 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in PPL by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 59,418 shares of the utilities provider’s stock valued at $2,132,000 after buying an additional 318 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in PPL by 1.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 35,426 shares of the utilities provider’s stock valued at $1,271,000 after buying an additional 359 shares during the last quarter. Advisory Alpha LLC boosted its position in PPL by 12.2% in the fourth quarter. Advisory Alpha LLC now owns 3,351 shares of the utilities provider’s stock valued at $119,000 after buying an additional 364 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its position in PPL by 0.8% in the first quarter. Rothschild Investment Corp IL now owns 52,300 shares of the utilities provider’s stock valued at $1,291,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.
NYSE PPL traded down $0.52 on Friday, hitting $25.07. 9,901,369 shares of the stock were exchanged, compared to its average volume of 6,990,019. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.50 and a current ratio of 0.56. The stock has a fifty day moving average price of $26.70 and a two-hundred day moving average price of $30.08. The firm has a market capitalization of $19.67 billion, a P/E ratio of 10.23 and a beta of 0.76. PPL has a 52-week low of $18.12 and a 52-week high of $36.83.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.66 annualized dividend and a dividend yield of 6.62%. PPL’s dividend payout ratio (DPR) is currently 67.76%.
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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