PPL Co. (NYSE:PPL) Expected to Post Earnings of $0.32 Per Share

Analysts expect PPL Co. (NYSE:PPL) to report earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for PPL’s earnings. PPL posted earnings of $0.58 per share in the same quarter last year, which indicates a negative year over year growth rate of 44.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that PPL will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.97. For the next year, analysts expect that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.38 to $1.72. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for PPL.

PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, August 5th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.09). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.42 billion. PPL had a positive return on equity of 9.50% and a negative net margin of 18.94%. PPL’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS.

PPL has been the subject of several analyst reports. Credit Suisse Group downgraded PPL to a “neutral” rating and raised their price target for the company from $42.00 to $46.00 in a report on Wednesday, August 18th. Morgan Stanley dropped their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday. Wells Fargo & Company raised PPL from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $22.00 to $34.00 in a research report on Wednesday, September 1st. Citigroup increased their price objective on PPL from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, September 10th. Finally, Mizuho dropped their price objective on PPL from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.58.

PPL opened at $28.62 on Thursday. The stock has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $28.85. The company has a current ratio of 2.16, a quick ratio of 2.10 and a debt-to-equity ratio of 0.74. The company has a market cap of $22.03 billion, a price-to-earnings ratio of -17.78 and a beta of 0.74. PPL has a 12-month low of $25.47 and a 12-month high of $30.81.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, September 9th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.80%. PPL’s payout ratio is currently 69.17%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in shares of PPL by 12.1% in the second quarter. Rockefeller Capital Management L.P. now owns 176,141 shares of the utilities provider’s stock worth $4,925,000 after purchasing an additional 19,055 shares during the period. Magnetar Financial LLC boosted its position in shares of PPL by 11.1% in the second quarter. Magnetar Financial LLC now owns 94,162 shares of the utilities provider’s stock worth $2,634,000 after purchasing an additional 9,422 shares during the period. Neuberger Berman Group LLC boosted its position in shares of PPL by 9.8% in the first quarter. Neuberger Berman Group LLC now owns 208,270 shares of the utilities provider’s stock worth $5,977,000 after purchasing an additional 18,528 shares during the period. Green Square Capital Advisors LLC boosted its position in shares of PPL by 11.8% in the second quarter. Green Square Capital Advisors LLC now owns 53,194 shares of the utilities provider’s stock worth $1,488,000 after purchasing an additional 5,617 shares during the period. Finally, Community Bank N.A. boosted its position in shares of PPL by 28.7% in the second quarter. Community Bank N.A. now owns 69,490 shares of the utilities provider’s stock worth $1,943,000 after purchasing an additional 15,500 shares during the period. Institutional investors and hedge funds own 64.31% of the company’s stock.

PPL Company Profile

PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution.

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