PPL (NYSE:PPL) issued its quarterly earnings data on Thursday. The utilities provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07, Bloomberg Earnings reports. PPL had a return on equity of 15.30% and a net margin of 20.60%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. PPL updated its FY18 guidance to $2.20-2.40 EPS.
PPL (NYSE PPL) traded down $0.30 on Thursday, reaching $29.81. The company had a trading volume of 3,532,810 shares, compared to its average volume of 6,238,980. PPL has a 1 year low of $29.20 and a 1 year high of $40.20. The firm has a market cap of $21,225.35, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.89 and a beta of 0.45. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48.
In other PPL news, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the sale, the insider now directly owns 25,940 shares of the company’s stock, valued at approximately $821,519.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total value of $324,041.96. Following the sale, the insider now directly owns 3,406 shares of the company’s stock, valued at $107,425.24. The disclosure for this sale can be found here. Insiders have sold a total of 44,163 shares of company stock valued at $1,395,587 over the last three months. 0.40% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on the company. SunTrust Banks set a $37.00 price objective on PPL and gave the company a “buy” rating in a research note on Monday, February 12th. ValuEngine raised PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, December 12th. Guggenheim reissued a “hold” rating and set a $32.00 target price on shares of PPL in a research note on Wednesday, January 3rd. Finally, TheStreet cut PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. PPL presently has an average rating of “Hold” and an average price target of $37.95.
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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.
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