PPL (NYSE:PPL) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.50-2.80 for the period. PPL also updated its FY19 guidance to $2.30-2.50 EPS.
Shares of NYSE:PPL traded down $0.24 on Friday, reaching $29.57. The company had a trading volume of 658,997 shares, compared to its average volume of 4,247,155. PPL has a twelve month low of $27.31 and a twelve month high of $32.88. The company has a 50-day moving average of $30.50. The stock has a market cap of $21.36 billion, a PE ratio of 12.32 and a beta of 0.51. The company has a quick ratio of 0.53, a current ratio of 0.09 and a debt-to-equity ratio of 1.73.
PPL (NYSE:PPL) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. PPL had a return on equity of 14.57% and a net margin of 22.97%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts anticipate that PPL will post 2.42 EPS for the current year.
PPL has been the subject of a number of analyst reports. Zacks Investment Research raised PPL from a sell rating to a hold rating and set a $32.00 price target for the company in a research report on Monday, July 22nd. Mizuho initiated coverage on PPL in a research report on Monday, June 3rd. They issued a neutral rating and a $30.00 price target for the company. ValuEngine cut PPL from a hold rating to a sell rating in a research report on Thursday, August 1st. Raymond James reaffirmed an average rating on shares of PPL in a research report on Monday, May 6th. Finally, UBS Group reduced their price target on PPL from $37.00 to $36.00 and set a buy rating for the company in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $35.75.
In related news, insider Philip Swift sold 3,782 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $30.26, for a total transaction of $114,443.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by insiders.
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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