PPL (NYSE:PPL – Get Free Report) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02, Briefing.com reports. PPL had a net margin of 8.90% and a return on equity of 8.45%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. PPL’s revenue for the quarter was down 4.6% on a year-over-year basis. PPL updated its FY24 guidance to $1.63-1.75 EPS.
PPL Stock Down 0.3 %
Shares of PPL traded down $0.08 on Thursday, reaching $27.92. The company’s stock had a trading volume of 6,981,158 shares, compared to its average volume of 4,994,902. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.05. PPL has a twelve month low of $22.20 and a twelve month high of $28.93. The stock has a market capitalization of $20.59 billion, a PE ratio of 28.00, a PEG ratio of 2.50 and a beta of 0.81. The firm has a fifty day moving average of $26.98 and a 200-day moving average of $26.38.
PPL Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, March 7th. This is a positive change from PPL’s previous quarterly dividend of $0.24. PPL’s dividend payout ratio is currently 103.00%.
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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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