PPL (NYSE:PPL) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $2.50-2.80 for the period. PPL also updated its FY19 guidance to $2.30-2.50 EPS.

Several equities analysts recently commented on the company. Zacks Investment Research lowered PPL from a hold rating to a sell rating in a research report on Thursday, January 3rd. Bank of America lowered PPL from a neutral rating to an underperform rating and cut their target price for the company from $29.00 to $28.00 in a research report on Monday, January 14th. SunTrust Banks reaffirmed a buy rating and issued a $35.00 target price on shares of PPL in a research report on Wednesday. Evercore ISI lowered PPL from an outperform rating to an in-line rating in a research report on Thursday, February 7th. Finally, ValuEngine raised PPL from a sell rating to a hold rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $34.33.

Shares of NYSE PPL traded down $0.36 during trading on Thursday, reaching $30.55. The stock had a trading volume of 5,559,400 shares, compared to its average volume of 4,745,629. PPL has a one year low of $25.30 and a one year high of $32.46. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55.

PPL (NYSE:PPL) last issued its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that PPL will post 2.36 earnings per share for the current year.

In other news, insider Gregory N. Dudkin sold 9,430 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The stock was sold at an average price of $29.91, for a total value of $282,051.30. Following the completion of the sale, the insider now directly owns 37,503 shares in the company, valued at approximately $1,121,714.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joanne H. Raphael sold 22,410 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $31.00, for a total value of $694,710.00. Following the completion of the sale, the senior vice president now owns 39,209 shares of the company’s stock, valued at $1,215,479. The disclosure for this sale can be found here. Insiders sold a total of 54,042 shares of company stock valued at $1,635,805 over the last quarter. Company insiders own 0.38% of the company’s stock.

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About PPL

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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