PPL (PPL) to Release Earnings on Wednesday

PPL (NYSE:PPL) is set to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. PPL has set its FY24 guidance at $1.63-1.75 EPS and its FY 2024 guidance at 1.630-1.750 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

PPL (NYSE:PPL) last released its earnings results on Friday, February 16th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.56 billion. PPL had a return on equity of 8.45% and a net margin of 8.90%. The company’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, analysts expect PPL to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PPL Price Performance

PPL stock opened at $27.24 on Wednesday. The stock has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $26.25. The stock has a market cap of $20.09 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.05. PPL has a 1 year low of $22.20 and a 1 year high of $29.03.

PPL Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from PPL’s previous quarterly dividend of $0.24. PPL’s dividend payout ratio is 103.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased their target price on PPL from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Bank of America increased their price objective on shares of PPL from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada increased their price objective on shares of PPL from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. TheStreet downgraded shares of PPL from a “b-” rating to a “c” rating in a research note on Friday, February 16th. Finally, StockNews.com downgraded shares of PPL from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

PPL Company Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.