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.
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.
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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