PPL (NYSE:PPL – Get Free Report) posted its quarterly earnings results on Friday. The utilities provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, Briefing.com reports. PPL had a net margin of 9.29% and a return on equity of 8.80%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. PPL updated its FY24 guidance to $1.63-1.75 EPS.
PPL Stock Performance
NYSE:PPL traded up $0.33 during trading hours on Friday, hitting $30.64. 11,056,019 shares of the company were exchanged, compared to its average volume of 4,873,844. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.54 and a beta of 0.81. PPL has a 52-week low of $22.20 and a 52-week high of $31.45. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.28 and a quick ratio of 1.08. The company’s 50 day moving average price is $28.41 and its 200-day moving average price is $27.53.
PPL Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 10th were given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.36%. The ex-dividend date was Monday, June 10th. PPL’s dividend payout ratio is presently 100.00%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on PPL
PPL Company Profile
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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