PPL (NYSE:PPL) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.30 to $2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.36.
PPL stock traded up $0.23 during midday trading on Friday, reaching $31.69. The company had a trading volume of 4,855,321 shares, compared to its average volume of 5,029,537. The company has a market cap of $22.59 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40. PPL has a 1-year low of $25.30 and a 1-year high of $37.34. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69.
PPL (NYSE:PPL) last released its earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that PPL will post 2.35 EPS for the current fiscal year.
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PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.
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