On Monday, Shares of PPL Corp (NYSE:PPL), added 0.81% and closed at $32.51 in the last trading session. The last trading range of the stock ranges between $32.26 and $35.27. The company’s Market capitalization is $21.88 Billion with the total Outstanding Shares of 678.09 million. PPL Corporation (PPL) will conduct a conference call and webcast at 8:30 a.m. Eastern Daylight Time Wednesday, Oct. 12, to provide financial analysts an update on the company’s strategy to protect the value of its United Kingdom earnings from potential declines in British pound sterling exchange rates.
PPL has long maintained an effective hedging program to mitigate foreign currency risk. As part of that program and in response to recent exchange rate volatility, the company has executed additional hedges that will bolster its ability to deliver on long-range growth projections.
During the webcast, William H. Spence, PPL chairman, president and Chief Executive Officer, and Vincent Sorgi, senior vice president and Chief Financial Officer, will detail the company’s most recent actions, answer questions regarding PPL’s hedging strategy, and reaffirm PPL’s earnings forecasts for 2016 and 2017, in addition to its projection of 5 to 6 percent compound annual earnings growth from 2017 to 2020.
PPL’s 2016 forecast of stated earnings remains $2.43 to $2.63 per share, reflecting special items recorded through the second quarter of 2016, while its 2016 forecast of ongoing earnings remains $2.25 to $2.45 per share. Its 2017 earnings forecast remains $2.05 to $2.25 per share, with a midpoint of $2.15 per share.
ON Semiconductor Corp (NASDAQ:ON), subtract -1.22% and closed at $12.13 in the last trading session. The last trading range of the stock ranges between $12.10 and $12.47. The company’s Market capitalization is $4.98 Billion with the total Outstanding Shares of 415.55 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.97 and reached to max level of $12.69. ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. Its Application Products Group segment provides analog, mixed-signal, and advanced logic application specific integrated circuit and application specific standard product solutions; and solutions for voltage and current options, in addition to foundry and manufacturing services, counting integrated passive devices technology, integrated circuit (IC) design, packaging, and silicon technology offerings. The companys Image Sensor Group segment offers complementary metal oxide semiconductor and charge-coupled device image sensors, proximity sensors, and image signal processors. Its Standard Products Group segment provides discrete and integrated semiconductor products that perform application functions, such as power switching, signal conditioning, circuit protection, signal amplification, and voltage reference; and develops lower capacitance protection and integrated signal conditioning products to support data transmission rates, micro packages, and switching and rectification technologies. The companys System Solutions Group segment supplies analog and mixed signal ICs, digital signal processors, analog and digital tuners, intelligent power modules, and memory and discrete semiconductors. ON Semiconductor Corporations devices are used in various end-products, such as automotive electronics, smartphones, media tablets, wearable electronics, computers, servers, industrial building and home automation systems, consumer white goods, imaging systems, LED lighting, power supplies, networking and telecom equipment, medical diagnostics, imaging and hearing health, and sensor networks, in addition to the Internet-of-Things.
On the otherhand Harmony Gold Mining Co. (ADR)(NYSE:HMY), dropped -0.67% and closed at $2.98 in the last trading session. The last trading range of the stock ranges between $2.91 and $2.99. The company’s Market capitalization is $1.29 Billion with the total Outstanding Shares of 437.48 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.53 and reached to max level of $4.87. Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper, silver, uranium, and molybdenum deposits. It has nine underground operations located on the Witwatersrand Basin; an open-pit mine exploiting the Kraaipan Greenstone Belt; and various other surface operations in South Africa.