PPL (PPL) Scheduled to Post Earnings on Friday

PPL (NYSE:PPL) will release its earnings data before the market opens on Friday, November 1st. Analysts expect PPL to post earnings of $0.42 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 that wish to listen to the company’s earnings conference call can do so using this link.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. PPL had a return on equity of 9.26% and a net margin of 10.17%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. 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

Shares of NYSE:PPL opened at $32.24 on Thursday. PPL has a one year low of $24.24 and a one year high of $33.38. The stock has a fifty day moving average of $32.31 and a 200-day moving average of $29.96. The company has a market capitalization of $23.79 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.91 and a current ratio of 1.11.

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.2575 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.19%. PPL’s dividend payout ratio (DPR) is presently 90.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. assumed coverage on shares of PPL in a research note on Friday, October 25th. They set an “overweight” rating and a $37.00 target price on the stock. Morgan Stanley boosted their target price on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group assumed coverage on shares of PPL in a research note on Thursday, September 19th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Barclays boosted their target price on shares of PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.40.

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.