$0.55 Earnings Per Share Expected for PPL Corp (NYSE:PPL) This Quarter

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Brokerages predict that PPL Corp (NYSE:PPL) will report earnings per share (EPS) of $0.55 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for PPL’s earnings, with estimates ranging from $0.53 to $0.57. PPL reported earnings of $0.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that PPL will report full year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.42 to $2.45. For the next year, analysts forecast that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $2.52 to $2.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for PPL.

PPL (NYSE:PPL) last issued its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.04 billion. PPL had a return on equity of 14.73% and a net margin of 23.17%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS.

A number of research analysts have recently issued reports on PPL shares. Macquarie upgraded shares of PPL from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $27.00 to $32.50 in a research report on Wednesday, October 23rd. ValuEngine lowered shares of PPL from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. GMP Securities reiterated an “average” rating and issued a $59.00 price objective on shares of PPL in a research note on Wednesday, August 7th. Bank of America upgraded shares of PPL from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI set a $31.00 price objective on shares of PPL and gave the company a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. PPL has an average rating of “Hold” and an average target price of $36.41.

In other PPL news, CEO William H. Spence sold 388,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.57, for a total transaction of $13,025,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Vincent Sorgi sold 13,696 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.04, for a total transaction of $466,211.84. Following the sale, the chief operating officer now owns 30,976 shares of the company’s stock, valued at approximately $1,054,423.04. 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. 0.34% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Redwood Investment Management LLC grew its stake in shares of PPL by 2.9% in the 3rd quarter. Redwood Investment Management LLC now owns 10,633 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 297 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of PPL by 6.9% in the 3rd quarter. Crewe Advisors LLC now owns 4,619 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 300 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of PPL by 0.5% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 66,935 shares of the utilities provider’s stock worth $2,108,000 after acquiring an additional 321 shares in the last quarter. Citizens Financial Group Inc RI grew its stake in shares of PPL by 8.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 4,189 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 326 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its stake in shares of PPL by 0.9% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 39,673 shares of the utilities provider’s stock worth $1,230,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 70.68% of the company’s stock.

Shares of NYSE PPL traded up $0.37 during midday trading on Wednesday, reaching $34.56. The stock had a trading volume of 4,548,097 shares, compared to its average volume of 4,534,846. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 14.40 and a beta of 0.49. PPL has a twelve month low of $27.31 and a twelve month high of $34.66. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.58 and a current ratio of 0.66. The company’s 50 day moving average price is $33.40 and its 200 day moving average price is $31.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a $0.4125 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.65 annualized dividend and a dividend yield of 4.77%. PPL’s dividend payout ratio is currently 68.75%.

About PPL

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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