PPL Corporation (NYSE:PPL) spotted trading -29.11% off 52-week high price. On the other end, the stock has been noted 44.09% away from the low price over the last 52-weeks. The stock changed 7.49% to recent value of $26.11. The stock transacted 6193842 shares during most recent day however it has an average volume of 6.84M shares. The company has 785.17M of outstanding shares and 767.69M shares were floated in the market.
On May 08, 2020, PPL Corporation (NYSE:PPL) reported first-quarter 2020 reported earnings (GAAP) of $554 million, or $0.72 per share, compared with first-quarter 2019 reported earnings of $466 million, or $0.64 per share.
Adjusting for special items, first-quarter 2020 earnings from ongoing operations (non-GAAP) were $514 million, or $0.67 per share, compared to $508 million, or $0.70 per share, a year ago. The decrease was driven largely by share dilution and lower sales volumes primarily due to weather in the U.S., partially offset by additional returns on the company’s capital investments and other factors.
As the world confronts the COVID-19 pandemic, the service we provide has never been more important, said William H. Spence, PPL’s chairman and chief executive officer. Across PPL, we are taking comprehensive measures to protect our employees and the public, we continue to deliver electricity and gas safely and reliably, we are well-positioned to manage the economic downturn, and we are as committed as ever to delivering for our customers and shareowners, said Spence.
Spence said aggressive social distancing, substantial work-from-home measures and other steps taken across the company have minimized the impact of COVID-19 on PPL’s workforce. At the same time, prior investments in grid resilience, technology and automation have provided the company greater flexibility to operate safely and reliably under current circumstances. Further, PPL said it has been successful in getting critical suppliers on the lists of companies permitted to operate and, as a result, has not experienced significant supply chain issues to date.
Its earnings per share (EPS) expected to touch remained -8.00% for this year while earning per share for the next 5-years is expected to reach at 0.50%. PPL has a gross margin of 90.70% and an operating margin of 36.60% while its profit margin remained 22.50% for the last 12 months.
According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.65% from the mean of 20 days, 1.35% from mean of 50 days SMA and performed -16.30% from mean of 200 days price. Company’s performance for the week was 4.99%, 1.16% for month and YTD performance remained -27.23%.