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Stock Update: PPL Corporation (NYSE:PPL) – PPL Corporation to Conduct Webcast on 2015 Earnings Results

[PR Newswire] – ALLENTOWN, Pa., Jan. 21, 2016 /PRNewswire/ — PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2015 earnings results and announce its 2016 earnings forecast before the … Read more on this. PPL Corporation (PPL) , currently valued at $22.32B, began trading this morning at $32.90. Today’s price range has been between $32.62 and $33.31 per share with a one year range of $29.18 to $36.74. PPL Corporation (PPL) shares are currently priced at 15.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.95x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.51 per share annually in dividends, yielding 4.49%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $0.44 per share, which would be $0.14 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.21 is a $0.24 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.60 Billion. If reported, that would be a 60.20% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank upgraded PPL from Hold to Buy (Oct 30, 2015). Previously, Goldman downgraded PPL from Buy to Neutral. With the above information in mind, readers should note that the average price target is $36.38, which is 10.58% above where the stock opened this morning. See more in (NYSE:PPL) Similar Articles: Stock Update (NYSE:PPL): PPL Corporation Reports Third-Quarter Earnings Market Update (NYSE:PPL): PPL Corporation to Conduct Webcast on 2015 Third-Quarter Earnings Results Market Update (NYSE:PPL): PPL Corporation Reports Second-Quarter Earnings
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