Company Update: PPL Corporation (NYSE:PPL) – PPL Corporation to Conduct Webcast on First-Quarter 2016 Earnings Results

[PR Newswire] – ALLENTOWN, Pa., April 18, 2016 /PRNewswire/ — PPL Corporation (NYSE: PPL) will release consolidated first-quarter 2016 earnings results on Thursday, April 28. William H. Spence, PPL chairman, president … Read more on this. PPL Corporation (PPL) , with a current market cap of $25.41B, started the session at $37.64. Looking at the stock, its one day range is $37.34 to $37.66 with a trailing 52-week range being $29.18 to $38.30. PPL shares are currently priced at 15.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.92x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 4.05%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $0.74 per share, which would be $0.03 worse than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $2.36 which would be a $0.15 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.38 Billion. If reported, that would be a 24.68% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded PPL from Buy to Hold (Feb 5, 2016). Previously, Deutsche Bank upgraded PPL from Hold to Buy. The average price target for PPL shares by the analysts covering it is $38.73, which is 2.90% above where the stock opened. See more in (NYSE:PPL) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy to announce first quarter 2016 earnings on May 3 Stock Update: PPL Corporation (NYSE:PPL) – PPL Corporation to Conduct Webcast on 2015 Earnings Results Market Update (NYSE:PPL): PPL Corporation to Conduct Webcast on 2015 Third-Quarter Earnings Results