PPL Corporation (PPL) Posts Earnings Results

PPL Corporation (NYSE:PPL) released its quarterly earnings results on Wednesday. The utilities provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03, Bloomberg Earnings reports. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was down 2.3% on a year-over-year basis. PPL Corporation updated its FY17 guidance to $2.10-2.25 EPS.

PPL has been the topic of a number of analyst reports. BidaskClub lowered PPL Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, July 12th. Jefferies Group LLC upgraded PPL Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $39.50 to $42.00 in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. PPL Corporation currently has an average rating of “Hold” and a consensus target price of $39.35.

COPYRIGHT VIOLATION WARNING: This report was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/11/01/ppl-corporation-ppl-releases-quarterly-earnings-results-misses-expectations-by-0-01-eps.html.

In related news, SVP Joanne H. Raphael sold 35,651 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.50, for a total value of $1,408,214.50. Following the sale, the senior vice president now directly owns 52,450 shares of the company’s stock, valued at $2,071,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

PPL Corporation 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. PPL operates through U.K.

Earnings History for PPL Corporation (NYSE:PPL)

What are top analysts saying about PPL Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PPL Corporation and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit