PPL Co. (PPL) Expected to Post Earnings of $0.68 Per Share

Wall Street brokerages expect that PPL Co. (NYSE:PPL) will announce earnings per share (EPS) of $0.68 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for PPL’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.77. PPL reported earnings of $0.62 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that PPL will report full-year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.36. For the next year, analysts expect that the company will report earnings of $2.45 per share, with EPS estimates ranging from $2.44 to $2.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for PPL.

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PPL (NYSE:PPL) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.03 billion. PPL had a net margin of 15.15% and a return on equity of 14.75%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share.

PPL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of 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. Macquarie downgraded shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, December 19th. SunTrust Banks reiterated a “buy” rating and set a $42.00 price objective on shares of PPL in a research note on Tuesday, December 26th. Guggenheim reiterated a “hold” rating and set a $32.00 price objective on shares of PPL in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.50.

In other PPL news, SVP Joanne H. Raphael sold 5,045 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at $760,928. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory N. Dudkin sold 9,320 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction of $295,164.40. Following the sale, the insider now directly owns 25,940 shares in the company, valued at $821,519.80. The disclosure for this sale can be found here. Insiders have sold a total of 52,978 shares of company stock worth $1,652,939 over the last quarter. 0.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of PPL. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of PPL by 37.9% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,865,118 shares of the utilities provider’s stock worth $429,125,000 after purchasing an additional 3,808,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of PPL by 1,448.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,088,700 shares of the utilities provider’s stock worth $95,595,000 after purchasing an additional 2,889,200 shares during the period. Boston Partners acquired a new stake in shares of PPL in the 4th quarter worth about $81,658,000. Bank of Montreal Can increased its holdings in shares of PPL by 41.9% in the 4th quarter. Bank of Montreal Can now owns 2,654,343 shares of the utilities provider’s stock worth $82,152,000 after acquiring an additional 783,951 shares during the period. Finally, Virtus Fund Advisers LLC increased its holdings in shares of PPL by 52.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 2,175,000 shares of the utilities provider’s stock worth $68,006,000 after acquiring an additional 752,400 shares during the period. 71.46% of the stock is currently owned by institutional investors.

Shares of PPL stock traded down $0.07 on Tuesday, hitting $27.93. The stock had a trading volume of 5,652,662 shares, compared to its average volume of 7,158,332. The company has a market capitalization of $19,384.82, a PE ratio of 12.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 1.84. PPL has a 52-week low of $27.08 and a 52-week high of $40.20.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.87%. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 8th. PPL’s dividend payout ratio is 72.89%.

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PPL Company Profile

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.

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Earnings History and Estimates for PPL (NYSE:PPL)

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