PPL (NYSE:PPL) Updates FY19 Earnings Guidance

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PPL (NYSE:PPL) issued an update on its FY19 earnings guidance on Tuesday morning. 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.

NYSE PPL traded up $0.21 during trading on Wednesday, reaching $29.80. The company’s stock had a trading volume of 5,229,299 shares, compared to its average volume of 4,479,838. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $21.50 billion, a PE ratio of 12.42 and a beta of 0.51. The stock has a 50-day simple moving average of $30.53. PPL has a 1-year low of $27.31 and a 1-year high of $32.88.

PPL (NYSE:PPL) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. PPL had a net margin of 23.79% and a return on equity of 14.52%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. On average, sell-side analysts expect that PPL will post 2.42 earnings per share for the current year.

A number of analysts have recently weighed in on PPL shares. Bank of America upgraded shares of PPL from an underperform rating to a neutral rating in a research note on Wednesday. UBS Group reduced their price objective on shares of PPL from $37.00 to $36.00 and set a buy rating for the company in a research note on Friday, May 17th. Mizuho started coverage on shares of PPL in a research note on Monday, June 3rd. They issued a neutral rating and a $30.00 price objective for the company. ValuEngine cut shares of PPL from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Raymond James restated an average rating on shares of PPL in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $36.18.

In related news, insider Philip Swift sold 3,782 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

About PPL

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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Earnings History and Estimates for PPL (NYSE:PPL)

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