Korea Electric Power (NYSE:KEP) Announces Earnings Results, Misses Expectations By $0.19 EPS

Korea Electric Power (NYSE:KEP) released its earnings results on Tuesday. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19), Zacks reports. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The business had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.90 billion.

Korea Electric Power Trading Up 1.1%

Shares of Korea Electric Power stock opened at $11.34 on Thursday. Korea Electric Power has a 12-month low of $11.10 and a 12-month high of $23.41. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 2.38, a PEG ratio of 2.18 and a beta of 0.95. The company’s 50-day moving average price is $11.83 and its 200-day moving average price is $13.44.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KEP shares. Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings lowered Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Finally, Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Korea Electric Power Company Profile

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.