PPL Corp. (PPL) Scheduled to Post Earnings on Wednesday
PPL Corp. (NYSE:PPL) is scheduled to be posting its Q316 quarterly earnings results on Wednesday, October 12th. Analysts expect PPL Corp. to post earnings of $0.56 per share and revenue of $2.04 billion for the quarter. PPL Corp. has set its FY16 guidance at $2.25-2.45 EPS and its FY17 guidance at $2.05-2.25 EPS.
PPL Corp. (NYSE:PPL) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. PPL Corp. had a net margin of 23.56% and a return on equity of 14.77%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts expect PPL Corp. to post $2.35 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.
Shares of PPL Corp. (NYSE:PPL) traded up 0.81% during trading on Monday, hitting $32.51. 3,945,745 shares of the company traded hands. The stock has a market capitalization of $22.04 billion, a PE ratio of 12.61 and a beta of 0.38. The company has a 50-day moving average of $34.62 and a 200-day moving average of $36.90. PPL Corp. has a 52-week low of $32.08 and a 52-week high of $39.92.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.68%. PPL Corp.’s dividend payout ratio (DPR) is presently 58.69%.
A number of equities analysts recently issued reports on PPL shares. Barclays PLC reduced their price objective on PPL Corp. from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Wolfe Research upgraded PPL Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 14th. Credit Suisse Group AG restated a “hold” rating and set a $44.00 price target on shares of PPL Corp. in a research note on Friday, August 5th. Vetr upgraded PPL Corp. from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, July 14th. Finally, Argus cut their price target on PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.86.
Hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc RI increased its position in PPL Corp. by 4.2% in the second quarter. Citizens Financial Group Inc RI now owns 3,823 shares of the company’s stock worth $145,000 after buying an additional 153 shares during the period. Point72 Asia Hong Kong Ltd increased its position in PPL Corp. by 2,250.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock worth $177,000 after buying an additional 4,500 shares during the period. National Asset Management Inc. increased its position in PPL Corp. by 3.1% in the second quarter. National Asset Management Inc. now owns 6,146 shares of the company’s stock worth $233,000 after buying an additional 182 shares during the period. Johnson Investment Counsel Inc. increased its position in PPL Corp. by 17.3% in the second quarter. Johnson Investment Counsel Inc. now owns 6,187 shares of the company’s stock worth $233,000 after buying an additional 914 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in PPL Corp. by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 6,684 shares of the company’s stock worth $252,000 after buying an additional 183 shares during the period. 69.52% of the stock is currently owned by hedge funds and other institutional investors.
PPL Corp. 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. It operates through three segments: U.K.
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