PPL (PPL) Set to Announce Earnings on Thursday

PPL (NYSE:PPL) will issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

PPL (NYSE PPL) opened at $31.45 on Tuesday. PPL has a 52-week low of $29.20 and a 52-week high of $40.20. The stock has a market cap of $21,650.00, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.46. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48.

In related news, Chairman Victor A. Staffieri sold 19,524 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $616,958.40. Following the transaction, the chairman now owns 29,084 shares in the company, valued at $919,054.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory N. Dudkin sold 9,320 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the transaction, the insider now owns 25,940 shares in the company, valued at approximately $821,519.80. The disclosure for this sale can be found here. Insiders have sold 44,163 shares of company stock worth $1,395,587 in the last quarter. 0.40% of the stock is owned by corporate insiders.

PPL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, December 12th. Macquarie cut shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, December 19th. TheStreet cut shares of PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. SunTrust Banks restated a “buy” rating and issued a $42.00 price objective on shares of PPL in a research report on Tuesday, December 26th. Finally, Guggenheim restated a “hold” rating and issued a $32.00 price objective on shares of PPL in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.95.

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About PPL

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. PPL operates through U.K.

Earnings History for PPL (NYSE:PPL)

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