PPL Corp. (PPL) Set to Announce Quarterly Earnings on Wednesday
PPL Corp. (NYSE:PPL) is set to announce its Q316 earnings results on Wednesday, October 12th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $2.04 billion for the quarter. PPL Corp. has set its FY16 guidance at $2.25-2.45 EPS and its FY17 guidance at $2.05-2.25 EPS.
PPL Corp. (NYSE:PPL) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business earned $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. PPL Corp. had a return on equity of 14.77% and a net margin of 23.56%. PPL Corp.’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. On average, analysts expect PPL Corp. to post $2.35 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.
PPL Corp. (NYSE:PPL) opened at 32.51 on Tuesday. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 12.61 and a beta of 0.38. PPL Corp. has a 52-week low of $32.08 and a 52-week high of $39.92. The firm’s 50-day moving average price is $34.55 and its 200-day moving average price is $36.87.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.68%. PPL Corp.’s payout ratio is 58.69%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Capital Management LLC raised its position in shares of PPL Corp. by 69.9% in the second quarter. Janus Capital Management LLC now owns 3,628,802 shares of the company’s stock valued at $136,987,000 after buying an additional 1,492,593 shares during the period. Analytic Investors LLC increased its stake in PPL Corp. by 908.2% in the second quarter. Analytic Investors LLC now owns 963,740 shares of the company’s stock valued at $36,382,000 after buying an additional 868,151 shares in the last quarter. AQR Capital Management LLC increased its stake in PPL Corp. by 296.7% in the second quarter. AQR Capital Management LLC now owns 864,358 shares of the company’s stock valued at $32,630,000 after buying an additional 646,445 shares in the last quarter. Clinton Group Inc. increased its stake in PPL Corp. by 135.1% in the second quarter. Clinton Group Inc. now owns 485,220 shares of the company’s stock valued at $18,317,000 after buying an additional 278,861 shares in the last quarter. Finally, KCG Holdings Inc. increased its stake in PPL Corp. by 3,451.1% in the second quarter. KCG Holdings Inc. now owns 197,936 shares of the company’s stock valued at $7,472,000 after buying an additional 192,362 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.
A number of brokerages have recently weighed in on PPL. Zacks Investment Research upgraded PPL Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Jefferies Group cut their price objective on PPL Corp. from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Wednesday, August 10th. Barclays PLC cut their price objective on PPL Corp. from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Credit Suisse Group AG restated a “hold” rating and set a $44.00 price objective on shares of PPL Corp. in a research report on Friday, August 5th. Finally, Guggenheim lowered PPL Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. PPL Corp. currently has a consensus rating of “Hold” and a consensus target price of $37.86.
About PPL Corp.
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K.
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