PPL (PPL) to Release Earnings on Wednesday

PPL (NYSE:PPL) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect PPL to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. PPL had a return on equity of 8.45% and a net margin of 8.90%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $0.28 earnings per share. PPL’s quarterly revenue was down 11.3% 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 $27.24 on Wednesday. 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. The business has a fifty day simple moving average of $26.86 and a 200 day simple moving average of $26.25. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.49 and a beta of 0.81.

PPL Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays increased their price objective on PPL from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. StockNews.com lowered PPL from a “hold” rating to a “sell” rating in a report on Saturday, February 24th. Bank of America raised their target price on PPL from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TheStreet lowered PPL from a “b-” rating to a “c” rating in a report on Friday, February 16th. Finally, Argus upgraded PPL from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.50.

About PPL

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.