PPL (NYSE:PPL – Get Free Report) announced its quarterly earnings data on Friday. The utilities provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03, Briefing.com reports. PPL had a return on equity of 9.26% and a net margin of 10.17%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company earned $0.43 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. PPL updated its FY24 guidance to $1.67-1.73 EPS and its FY 2024 guidance to 1.670-1.730 EPS.
PPL Stock Down 3.1 %
Shares of PPL stock traded down $1.00 on Friday, hitting $31.56. The company had a trading volume of 5,959,107 shares, compared to its average volume of 3,855,602. PPL has a twelve month low of $24.78 and a twelve month high of $33.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.11 and a quick ratio of 0.91. The stock has a 50-day moving average of $32.33 and a 200-day moving average of $30.01. The firm has a market capitalization of $23.28 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.78 and a beta of 0.81.
PPL Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.2575 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.03 annualized dividend and a yield of 3.26%. PPL’s dividend payout ratio (DPR) is currently 90.35%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on PPL
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.
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