PPL (PPL) Releases FY18 Earnings Guidance

PPL (NYSE:PPL) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.31.

A number of analysts have recently commented on the company. SunTrust Banks set a $37.00 price target 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 price target for the company in a research note on Tuesday, December 12th. Royal Bank of Canada raised PPL from a sector perform rating to an outperform rating and upped their price target for the company from $28.32 to $33.00 in a research note on Tuesday, March 6th. Finally, Guggenheim reaffirmed a hold rating and issued a $32.00 price target on shares of PPL in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $37.50.

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Shares of PPL (PPL) opened at $27.63 on Tuesday. PPL has a 52 week low of $27.12 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.49 and a current ratio of 0.57. The stock has a market capitalization of $19,516.68, a P/E ratio of 12.50, a P/E/G ratio of 2.02 and a beta of 0.54.

PPL (NYSE:PPL) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. PPL had a return on equity of 14.75% and a net margin of 15.15%. 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 prior year, the business earned $0.60 EPS. PPL’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts anticipate that PPL will post 2.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.94%. This is a boost from PPL’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 8th. PPL’s dividend payout ratio is presently 100.00%.

In related news, insider Gregory N. Dudkin sold 2,378 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $29.19, for a total transaction of $69,413.82. Following the completion of the sale, the insider now directly owns 23,562 shares of the company’s stock, valued at approximately $687,774.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Victor A. Staffieri sold 4,232 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $29.20, for a total value of $123,574.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,978 shares of company stock valued at $1,652,939. 0.40% of the stock is owned by company insiders.

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About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

Earnings History and Estimates for PPL (NYSE:PPL)

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