Brokerages Expect PPL Corp (NYSE:PPL) to Announce $0.56 Earnings Per Share

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.

PPL has been the subject of several recent analyst reports. ValuEngine lowered shares of PPL from a “hold” rating to a “sell” rating in a research note on Friday, April 3rd. Barclays lowered shares of PPL from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 11th. UBS Group boosted their target price on shares of PPL from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Morgan Stanley boosted their target price on shares of PPL from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 17th. Finally, Citigroup lowered their target price on shares of PPL from $36.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.97.

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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Earnings History and Estimates for PPL (NYSE:PPL)

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