PPL (PPL) Expected to Announce Earnings on Friday

PPL (NYSE:PPL) is projected to announce its earnings results before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.39 per share for the quarter. PPL has set its FY 2025 guidance at 1.750-1.870 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). PPL had a return on equity of 8.88% and a net margin of 10.49%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, analysts expect PPL to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PPL Stock Up 0.5 %

Shares of PPL stock opened at $34.38 on Thursday. PPL has a 1 year low of $25.87 and a 1 year high of $35.15. The business has a 50-day moving average of $32.93 and a two-hundred day moving average of $32.67. The company has a market capitalization of $25.38 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.73 and a beta of 0.83. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.71.

PPL Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.17%. This is a boost from PPL’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, March 10th. PPL’s dividend payout ratio is presently 85.12%.

Insider Activity at PPL

In other news, COO David J. Bonenberger sold 981 shares of PPL stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $32,843.88. Following the completion of the transaction, the chief operating officer now directly owns 45,414 shares in the company, valued at approximately $1,520,460.72. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tadd J. Henninger sold 1,424 shares of PPL stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $47,675.52. Following the transaction, the senior vice president now owns 11,259 shares of the company’s stock, valued at $376,951.32. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,633 shares of company stock valued at $346,657. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PPL has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of PPL in a research report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price objective for the company. Bank of America increased their target price on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group decreased their price objective on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Citigroup increased their price objective on PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. began coverage on PPL in a report on Friday, October 25th. They set an “overweight” rating and a $37.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.