PPL (NYSE:PPL) Updates FY19 Earnings Guidance

PPL (NYSE:PPL) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.30-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.43. PPL also updated its FY 2021 guidance to $2.50-2.80 EPS.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of PPL from a hold rating to a sell rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of PPL from a sell rating to a hold rating and set a $32.00 price objective on the stock in a research report on Monday, July 22nd. UBS Group decreased their price objective on shares of PPL from $37.00 to $36.00 and set a buy rating on the stock in a research report on Friday, May 17th. Bank of America upgraded shares of PPL from an underperform rating to a neutral rating in a research report on Wednesday. Finally, Raymond James reiterated an average rating on shares of PPL in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $35.75.

Shares of NYSE PPL opened at $29.81 on Friday. PPL has a 1 year low of $27.31 and a 1 year high of $32.88. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.09 and a quick ratio of 0.53. The company’s 50-day moving average is $30.50. The stock has a market capitalization of $21.36 billion, a PE ratio of 12.42 and a beta of 0.51.

PPL (NYSE:PPL) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. PPL had a net margin of 22.97% and a return on equity of 14.57%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. PPL’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts anticipate that PPL will post 2.42 EPS for the current year.

In related news, insider Philip Swift sold 3,782 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $30.26, for a total transaction of $114,443.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by insiders.

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.

Further Reading: Quiet Period Expirations Explained

Earnings History and Estimates for PPL (NYSE:PPL)

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