Korea Electric Power (NYSE:KEP) Releases Earnings Results, Misses Expectations By $0.19 EPS

Korea Electric Power (NYSE:KEP) announced its quarterly earnings results on Tuesday. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19), Zacks reports. The firm had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.90 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%.

Korea Electric Power Trading Up 1.1%

NYSE KEP opened at $11.34 on Thursday. The stock has a market capitalization of $14.56 billion, a P/E ratio of 2.38, a P/E/G ratio of 2.18 and a beta of 0.95. The business has a 50 day simple moving average of $11.83 and a 200 day simple moving average of $13.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29. Korea Electric Power has a one year low of $11.10 and a one year high of $23.41.

Analyst Ratings Changes

KEP has been the subject of a number of research reports. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings lowered Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.