Dallas, Texas 05/01/2014 (FINANCIALSTRENDS) – PPL Corporation (NYSE:PPL) which is one of the largest utilities in the country with diversified services, has announced that it will report its first quarter results for 2014 on May 1.
Analysts, according to technical analysis, forecast that it will show results which could well beat estimates. The stock is expected to show positive EPS and is likely to target operations to expand and increase the total asset it currently holds.
PPL Corporation (NYSE:PPL) has been under the analyst scanner for some time now. According to lead analysts Zacks, ‘systematic capital spending program backed by strong financial position’ will now allow the company to provide services to clients. The company is expected to see growth on the funds facto as well as lower the debt burden by engaging in ‘strategic asset divestment.’
PPL Corporation (NYSE:PPL) has also proved to investor friendly by offering a range of services which will bring value to investors by way of offering regular dividends, along with an effective buyback program.
In the previous quarter, the last for 2013 fiscal, was seen to drive high results based on the various operating segments. The first of the successful attempts by the company to show growth is the stringent regulations as well as operational risks which are part of the challenges for the company.
Zacks, the analyst have recommended ‘neutral’ recommendation for PPL.
Other Analysts
PPL Corporation has been covered by other analysts as well. These include Deutsche Bank Hold rating and while Jefferies Group revised the price target to $37.00 from $34.00 of earlier.
Insider Selling
In other news David Decampli, was found have sold shares to the tune of 20,474 units. The average sale price for each share was fixed at $33.49, while the value of the transaction was $685,674.26. At the end of the transaction, the insider now holds total number of shares at 47,102. The value of the transaction was $1.577,446.
